Edgar Filing: WisdomTree Trust

WisdomTree Trust

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-21864

WisdomTree Trust

(Exact name of registrant as specified in charter)

245 Park Avenue, 35^th Floor

New York, NY 10167

(Address of principal executive offices) (Zip code)

The Corporation Trust Company

1209 Orange Street

Wilmington, DE 19801

(Name and address of agent for service)

Registrant’s telephone number, including area code: (866) 909-9473

Date of fiscal year end: August 31

Date of reporting period: November 30, 2014

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Schedule of Investments.

The Schedule(s) of Investments is attached herewith.

Schedule of Investments (unaudited)

WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU)

November 30, 2014


Investments	Principal Amount		Value
U.S. GOVERNMENT OBLIGATIONS - 97.6%

U.S. Treasury Bills - 97.6%
U.S. Treasury Bills
0.01%, 1/2/15*^(a)	$	111,500,000	$	111,499,067
0.00%, 1/22/15*^(a)		106,200,000		106,199,549

TOTAL U.S. GOVERNMENT OBLIGATIONS (Cost: $217,698,616)				217,698,616


	Shares
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED - 9.8%

United States - 9.8%
State Street Navigator Securities Lending Prime Portfolio, 0.16%^(b) (Cost: $21,865,740)^(c)		21,865,740		21,865,740

TOTAL INVESTMENTS IN SECURITIES - 107.4% (Cost: $239,564,356)				239,564,356
Liabilities in Excess of Cash and Other Assets - (7.4)%				(16,562,182	)

NET ASSETS - 100.0%			$	223,002,174

*	Interest rate shown reflects the discount rate at time of purchase.

^(a)	Security, or portion thereof, was on loan at November 30, 2014 (See Note 2).

^(b)	Rate shown represents annualized 7-day yield as of November 30, 2014.

^(c)	At November 30, 2014, the total market value of the Fund’s securities on loan was $21,436,656 and the total market value of the collateral held by the Fund was $21,865,740.

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

WisdomTree Brazilian Real Strategy Fund (BZF)

November 30, 2014


Investments	Principal Amount		Value
U.S. GOVERNMENT OBLIGATIONS - 8.5%

U.S. Treasury Bill - 8.5%
U.S. Treasury Bill 0.02%, 12/4/14*(a) (Cost: $2,349,997)	$	2,350,000	$	2,349,997


	Shares
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED - 8.6%

United States - 8.6%
State Street Navigator Securities Lending Prime Portfolio, 0.16%^(b) (Cost: $2,397,000)^(c)		2,397,000		2,397,000

TOTAL INVESTMENTS IN SECURITIES - 17.1% (Cost: $4,746,997)				4,746,997
Cash and Other Assets in Excess of Liabilities - 82.9%				23,018,321

NET ASSETS - 100.0%			$	27,765,318

*	Interest rate shown reflects the discount rate at time of purchase.

^(a)	Security, or portion thereof, was on loan at November 30, 2014 (See Note 2).

^(b)	Rate shown represents annualized 7-day yield as of November 30, 2014.

^(c)	At November 30, 2014, the total market value of the Fund’s securities on loan was $2,349,997 and the total market value of the collateral held by the Fund was $2,397,000.

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

WisdomTree Chinese Yuan Strategy Fund (CYB)

November 30, 2014


Investments	Principal Amount			Value
U.S. GOVERNMENT OBLIGATIONS - 58.8%

U.S. Treasury Bills - 58.8%
U.S. Treasury Bills
0.00%, 12/11/14*^(a)	$	32,000,000		$	31,999,995
0.00%, 1/22/15*^(a)		51,858,000			51,857,813

TOTAL U.S. GOVERNMENT OBLIGATIONS (Cost: $83,857,808)					83,857,808

TIME DEPOSITS - 20.1%

China - 20.1%
Barclays Capital, Inc. 2.35%, 12/19/14		44,000,000	CNH		7,143,901
BNP Paribas S.A. 3.28%, 12/19/14		44,000,000	CNH		7,143,901
Deutsche Bank AG 3.25%, 12/19/14		44,000,000	CNH		7,143,901
Standard Chartered Bank 2.35%, 12/19/14		44,000,000	CNH		7,143,901

TOTAL TIME DEPOSITS (Cost: $28,763,810)					28,575,604

REPURCHASE AGREEMENT - 20.3%

United States - 20.3%
Citigroup, Inc., tri-party repurchase agreement dated 11/28/14, 0.10% due 12/1/14; Proceeds at maturity - $28,880,241 (fully collateralized by Inter-American Development Bank, 1.25% due 1/16/18 and U.S. Treasury Note, 0.63% due 9/30/17; Market value - $29,457,684) (Cost: $28,880,000)	$	28,880,000			28,880,000


	Shares
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED - 30.6%

United States - 30.6%
State Street Navigator Securities Lending Prime Portfolio, 0.16%^(b) (Cost: $43,668,240)^(c)		43,668,240			43,668,240

TOTAL INVESTMENTS IN SECURITIES - 129.8% (Cost: $185,169,858)					184,981,652
Liabilities in Excess of Cash, Foreign Currency and Other Assets - (29.8)%					(42,449,419	)

NET ASSETS - 100.0%				$	142,532,233

Principal amount is reported in U.S. dollars, except for those denoted in the following currencies:

CNH - Offshore Chinese renminbi

*	Interest rate shown reflects the discount rate at time of purchase.

^(a)	Security, or portion thereof, was on loan at November 30, 2014 (See Note 2).

^(b)	Rate shown represents annualized 7-day yield as of November 30, 2014.

^(c)	At November 30, 2014, the total market value of the Fund’s securities on loan was $42,811,478 and the total market value of the collateral held by the Fund was $43,668,240.

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

WisdomTree Commodity Currency Strategy Fund (CCX)

November 30, 2014


Investments	Principal Amount		Value
U.S. GOVERNMENT OBLIGATIONS - 82.8%

U.S. Treasury Bills - 82.8%
U.S. Treasury Bills
0.01%, 1/2/15*	$	4,500,000	$	4,499,950
0.00%, 1/22/15*^(a)		3,100,000		3,099,989

TOTAL U.S. GOVERNMENT OBLIGATIONS (Cost: $7,599,939)				7,599,939

REPURCHASE AGREEMENT - 32.6%

United States - 32.6%
Citigroup, Inc., tri-party repurchase agreement dated 11/28/14, 0.10% due 12/1/14; Proceeds at maturity - $2,985,025 (fully collateralized by U.S. Treasury Note, 0.63% due 9/30/17; Market value - $3,044,757) (Cost: $2,985,000)		2,985,000		2,985,000


	Shares
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED - 0.1%

United States - 0.1%
State Street Navigator Securities Lending Prime Portfolio, 0.16%^(b) (Cost: $11,220)^(c)		11,220		11,220

TOTAL INVESTMENTS IN SECURITIES - 115.5% (Cost: $10,596,159)				10,596,159
Liabilities in Excess of Cash and Other Assets - (15.5)%				(1,418,730	)

NET ASSETS - 100.0%			$	9,177,429

*	Interest rate shown reflects the discount rate at time of purchase.

^(a)	Security, or portion thereof, was on loan at November 30, 2014 (See Note 2).

^(b)	Rate shown represents annualized 7-day yield as of November 30, 2014.

^(c)	At November 30, 2014, the total market value of the Fund’s securities on loan was $11,000 and the total market value of the collateral held by the Fund was $11,220.

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

WisdomTree Emerging Currency Strategy Fund (CEW)

November 30, 2014


Investments	Principal Amount		Value
U.S. GOVERNMENT OBLIGATIONS - 75.9%

U.S. Treasury Bills - 75.9%
U.S. Treasury Bills
0.00%, 12/11/14*^(a)	$	20,000,000	$	19,999,997
0.00%, 1/22/15*^(a)		44,286,000		44,285,840

TOTAL U.S. GOVERNMENT OBLIGATIONS (Cost: $64,285,837)				64,285,837

REPURCHASE AGREEMENT - 26.0%

United States - 26.0%
Citigroup, Inc., tri-party repurchase agreement dated 11/28/14, 0.10% due 12/1/14; Proceeds at maturity - $22,005,183 (fully collateralized by U.S. Treasury Note, 2.75% due 11/15/23; Market value - $22,445,114) (Cost: $22,005,000)		22,005,000		22,005,000


	Shares
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED - 30.9%

United States - 30.9%
State Street Navigator Securities Lending Prime Portfolio, 0.16%^(b) (Cost: $26,196,660)^(c)		26,196,660		26,196,660

TOTAL INVESTMENTS IN SECURITIES - 132.8% (Cost: $112,487,497)				112,487,497
Liabilities in Excess of Cash and Other Assets - (32.8)%				(27,761,081	)

NET ASSETS - 100.0%			$	84,726,416

*	Interest rate shown reflects the discount rate at time of purchase.

^(a)	Security, or portion thereof, was on loan at November 30, 2014 (See Note 2).

^(b)	Rate shown represents annualized 7-day yield as of November 30, 2014.

^(c)	At November 30, 2014, the total market value of the Fund’s securities on loan was $25,682,707 and the total market value of the collateral held by the Fund was $26,196,660.

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

WisdomTree Indian Rupee Strategy Fund (ICN)

November 30, 2014


Investments	Principal Amount		Value
U.S. GOVERNMENT OBLIGATIONS - 73.9%

U.S. Treasury Bills - 73.9%
U.S. Treasury Bills
0.01%, 1/2/15*	$	4,500,000	$	4,499,950
0.00%, 1/22/15*^(a)		12,723,000		12,722,954

TOTAL U.S. GOVERNMENT OBLIGATIONS (Cost: $17,222,904)				17,222,904

REPURCHASE AGREEMENT - 26.1%

United States - 26.1%
Citigroup, Inc., tri-party repurchase agreement dated 11/28/14, 0.10% due 12/1/14; Proceeds at maturity - $6,090,051 (fully collateralized by International Bank for Reconstruction & Development, 7.63% due 1/19/23 and U.S. Treasury Note, 0.63% due 9/30/17; Market value - $6,211,884) (Cost: $6,090,000)		6,090,000		6,090,000


	Shares
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED - 10.8%

United States - 10.8%
State Street Navigator Securities Lending Prime Portfolio, 0.16%^(b) (Cost: $2,522,460)^(c)		2,522,460		2,522,460

TOTAL INVESTMENTS IN SECURITIES - 110.8% (Cost: $25,835,364)				25,835,364
Liabilities in Excess of Cash and Other Assets - (10.8)%				(2,523,918	)

NET ASSETS - 100.0%			$	23,311,446

*	Interest rate shown reflects the discount rate at time of purchase.

^(a)	Security, or portion thereof, was on loan at November 30, 2014 (See Note 2).

^(b)	Rate shown represents annualized 7-day yield as of November 30, 2014.

^(c)	At November 30, 2014, the total market value of the Fund’s securities on loan was $2,472,955 and the total market value of the collateral held by the Fund was $2,522,460.

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

WisdomTree Asia Local Debt Fund (ALD)

November 30, 2014


Investments	Principal Amount			Value
FOREIGN CORPORATE BONDS - 1.9%

Indonesia - 1.2%
Export-Import Bank of Korea 8.40%, 7/6/16, Reg S		42,000,000,000	IDR	$	3,489,676

Taiwan - 0.7%
Export-Import Bank of Korea 0.70%, 7/1/16, Reg S		69,000,000	TWD		2,217,208

TOTAL FOREIGN CORPORATE BONDS (Cost: $6,122,692)					5,706,884

FOREIGN GOVERNMENT AGENCIES - 9.0%

Australia - 8.5%
New South Wales Treasury Corp. 6.00%, 4/1/16, Series 16		9,564,000	AUD		8,528,393
Queensland Treasury Corp. 6.00%, 7/21/22, Series 22		11,015,000	AUD		11,094,300
Western Australian Treasury Corp. 7.00%, 4/15/15, Series 15		793,000	AUD		687,853
7.00%, 10/15/19, Series 19		4,500,000	AUD		4,540,316

Total Australia					24,850,862

New Zealand - 0.5%
Queensland Treasury Corp.
7.13%, 9/18/17, Reg S		1,802,000	NZD		1,525,146

TOTAL FOREIGN GOVERNMENT AGENCIES (Cost: $30,091,511)					26,376,008

FOREIGN GOVERNMENT OBLIGATIONS - 63.4%

China - 4.8%
China Government Bond
2.87%, 6/27/16, Reg S		12,500,000	CNY		2,032,740
1.40%, 8/18/16, Reg S		5,000,000	CNY		794,489
2.48%, 12/1/20		20,500,000	CNY		3,216,744
2.36%, 8/18/21, Reg S		15,500,000	CNY		2,393,348
3.10%, 6/29/22		17,500,000	CNY		2,826,456
3.48%, 6/29/27, Reg S		16,000,000	CNY		2,617,886

Total China					13,881,663

Hong Kong - 6.2%
Hong Kong Government Bond 1.51%, 2/24/27		30,250,000	HKD		3,756,437
Hong Kong Government Bond Programme 2.93%, 1/13/20		53,550,000	HKD		7,454,112
2.46%, 8/4/21		51,800,000	HKD		7,046,537

Total Hong Kong					18,257,086

Indonesia - 4.8%
Indonesia Treasury Bond
7.38%, 9/15/16, Series FR55		63,554,000,000	IDR		5,222,843
5.25%, 5/15/18, Series FR66		20,844,000,000	IDR		1,588,443
12.80%, 6/15/21, Series FR34		44,422,000,000	IDR		4,586,342
7.00%, 5/15/22, Series FR61		32,324,000,000	IDR		2,546,890

Total Indonesia					13,944,518

Malaysia - 12.2%
Malaysia Government Bond
3.84%, 8/12/15, Series 0110		14,222,000	MYR		4,216,788
4.01%, 9/15/17, Series 0210		45,706,000	MYR		13,643,400
3.26%, 3/1/18, Series 0213		56,347,000	MYR		16,425,538
4.38%, 11/29/19, Series 0902		4,405,000	MYR		1,341,374

Total Malaysia					35,627,100

New Zealand - 4.4%
New Zealand Government Bond
6.00%, 12/15/17, Series 1217, Reg S		8,097,000	NZD		6,794,301
5.00%, 3/15/19, Series 319, Reg S		7,500,000	NZD		6,198,132

Total New Zealand					12,992,433

Philippines - 6.3%
Philippine Government Bond 5.00%, 8/18/18, Series 7-51		17,850,000	PHP		426,717
Philippine Government International Bond
4.95%, 1/15/21		548,000,000	PHP		12,822,504
3.90%, 11/26/22		130,000,000	PHP		2,852,285
6.25%, 1/14/36		97,000,000	PHP		2,432,604

Total Philippines					18,534,110

Singapore - 9.9%
Singapore Government Bond
4.00%, 9/1/18		5,360,000	SGD		4,558,073
2.50%, 6/1/19		14,273,000	SGD		11,555,173
2.25%, 6/1/21		7,364,000	SGD		5,813,656
3.00%, 9/1/24		8,633,000	SGD		7,100,730

Total Singapore					29,027,632

South Korea - 8.5%
Korea Treasury Bond
5.75%, 9/10/18, Series 1809		17,500,000,000	KRW		17,844,819
3.50%, 3/10/24, Series 2403		7,250,000,000	KRW		7,055,210

Total South Korea					24,900,029

Thailand - 6.3%
Thailand Government Bond
4.13%, 11/18/16		59,559,000	THB		1,886,283
3.25%, 6/16/17		185,174,000	THB		5,795,910
2.80%, 10/10/17		134,267,000	THB		4,154,369
3.63%, 6/16/23		204,399,000	THB		6,620,131

Total Thailand					18,456,693

TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost: $203,188,078)					185,621,264

SUPRANATIONAL BONDS - 13.3%
Asian Development Bank
5.50%, 2/15/16		6,540,000	AUD		5,764,463
6.25%, 3/5/20		2,000,000	AUD		1,954,886
2.85%, 10/21/20		24,500,000	CNY		3,926,480
EUROFIMA
5.63%, 10/24/16		3,270,000	AUD		2,931,003

See Notes to Schedule of Investments.

Schedule of Investments (unaudited) (concluded)

WisdomTree Asia Local Debt Fund (ALD)

November 30, 2014


Investments	Principal Amount			Value
European Bank for Reconstruction & Development 5.00%, 5/28/15		224,800,000	INR	$	3,611,906
European Investment Bank 7.20%, 7/9/19, Reg S		15,800,000,000	IDR		1,302,723
Inter-American Development Bank
5.00%, 7/24/15		234,050,000	INR		3,751,287
6.25%, 6/22/16		1,616,000	NZD		1,312,700
International Finance Corp.
1.80%, 1/27/16		5,000,000	CNY		805,283
8.25%, 6/10/21		600,000,000	INR		11,174,474
Nordic Investment Bank 3.50%, 1/30/18		3,000,000	NZD		2,310,534

TOTAL SUPRANATIONAL BONDS (Cost: $39,770,260)					38,845,739

REPURCHASE AGREEMENT - 11.4%

United States - 11.4%
Citigroup, Inc., tri-party repurchase agreement dated 11/28/14, 0.10% due 12/1/14; Proceeds at maturity - $33,300,278 (fully collateralized by Inter-American Development Bank, 1.25% due 1/16/18 and U.S. Treasury Note, 0.63% due 9/30/17; Market value - $33,966,083) (Cost: $33,300,000)	$	33,300,000			33,300,000

TOTAL INVESTMENTS IN SECURITIES - 99.0% (Cost: $312,472,541)					289,849,895
Cash, Foreign Currency and Other Assets in Excess of Liabilities - 1.0%					2,999,990

NET ASSETS - 100.0%				$	292,849,885

Principal amount is reported in U.S. dollars, except for those denoted in the following currencies:


AUD	-	Australian dollar
CNY	-	Chinese yuan
HKD	-	Hong Kong dollar
IDR	-	Indonesian rupiah
INR	-	Indian rupee
KRW	-	South Korean won
MYR	-	Malaysian ringgit
NZD	-	New Zealand dollar
PHP	-	Philippine peso
SGD	-	Singapore dollar
THB	-	Thai baht
TWD	-	New Taiwan dollar
Reg S	-	Regulation S provides an exclusion from the registration requirements of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

WisdomTree Australia & New Zealand Debt Fund (AUNZ)

November 30, 2014


Investments	Principal Amount			Value
FOREIGN GOVERNMENT AGENCIES - 46.5%

Australia - 46.5%
Australian Capital Territory 5.50%, 6/7/18		850,000	AUD	$	793,168
Export Development Canada 5.25%, 8/10/15		1,681,000	AUD		1,459,166
KFW
6.25%, 12/4/19		752,000	AUD		730,332
6.25%, 5/19/21		800,000	AUD		791,536
Landwirtschaftliche Rentenbank
6.50%, 4/12/17		312,000	AUD		288,368
4.25%, 1/24/23		1,400,000	AUD		1,237,934
New South Wales Treasury Corp.
5.50%, 3/1/17, Series 17		224,000	AUD		203,701
6.00%, 2/1/18, Series 18		1,121,600	AUD		1,054,582
6.00%, 5/1/20, Series 520		240,000	AUD		236,133
Northern Territory Treasury Corp.
6.25%, 10/20/15		500,000	AUD		440,348
4.75%, 9/20/18		100,000	AUD		91,478
Queensland Treasury Corp.
6.00%, 4/21/16, Series 16		454,000	AUD		405,462
6.00%, 9/14/17, Series 17		1,146,000	AUD		1,068,327
5.75%, 7/22/24, Series 24		950,000	AUD		957,331
South Australian Government Financing Authority 5.75%, 9/20/17, Series 17		1,475,000	AUD		1,362,854
Treasury Corp. of Victoria
5.50%, 11/15/18, Series 1118		1,094,000	AUD		1,030,776
6.00%, 10/17/22, Series 1022		1,000,000	AUD		1,017,522
5.50%, 12/17/24, Series 1224		120,000	AUD		120,450
Western Australian Treasury Corp.
8.00%, 7/15/17, Series 17		500,000	AUD		483,851
7.00%, 10/15/19, Series 19		100,000	AUD		100,896
6.00%, 10/16/23, Series 23		722,800	AUD		732,345

TOTAL FOREIGN GOVERNMENT AGENCIES (Cost: $16,760,733)					14,606,560

FOREIGN GOVERNMENT OBLIGATIONS - 33.7%

Australia - 21.7%
Australia Government Bond
5.50%, 1/21/18, Series 132		538,000	AUD		502,051
5.25%, 3/15/19, Series 122		1,386,000	AUD		1,315,430
4.50%, 4/15/20, Series 126		1,325,000	AUD		1,236,879
5.75%, 5/15/21, Series 124		700,000	AUD		703,340
5.75%, 7/15/22, Series 128		845,000	AUD		862,749
5.50%, 4/21/23, Series 133		960,000	AUD		974,209
4.75%, 4/21/27, Series 136, Reg S		350,000	AUD		345,995
4.50%, 4/21/33, Series 140, Reg S		900,000	AUD		874,950

Total Australia					6,815,603

New Zealand - 12.0%
New Zealand Government Bond
6.00%, 12/15/17, Series 1217, Reg S		1,394,000	NZD		1,169,724
5.00%, 3/15/19, Series 319, Reg S		785,000	NZD		648,738
3.00%, 4/15/20, Series 420, Reg S		300,000	NZD		226,851
6.00%, 5/15/21, Series 521, Reg S		1,065,000	NZD		940,040
5.50%, 4/15/23, Series 423, Reg S		810,000	NZD		707,942
4.50%, 4/15/27, Series 427, Reg S		100,000	NZD		81,676
Total New Zealand					3,774,971

TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost: $11,791,569)					10,590,574

SUPRANATIONAL BONDS - 18.5%
Asian Development Bank
5.50%, 2/15/16		95,000	AUD		83,735
6.00%, 2/22/18		720,000	AUD		672,803
5.00%, 3/9/22		300,000	AUD		280,451
3.75%, 3/12/25		300,000	AUD		256,971
Council of Europe Development Bank 5.63%, 12/14/15		178,000	AUD		156,245
European Investment Bank
6.13%, 1/23/17		1,077,000	AUD		982,383
6.50%, 8/7/19		445,000	AUD		433,478
Inter-American Development Bank
6.00%, 5/25/16		1,297,000	AUD		1,158,737
6.50%, 8/20/19		292,000	AUD		285,927
International Finance Corp. 5.75%, 7/28/20		1,551,000	AUD		1,491,182

TOTAL SUPRANATIONAL BONDS (Cost: $6,688,856)					5,801,912

TOTAL INVESTMENTS IN SECURITIES - 98.7% (Cost: $35,241,158)					30,999,046
Cash, Foreign Currency and Other Assets in Excess of Liabilities - 1.3%					412,168

NET ASSETS - 100.0%				$	31,411,214

Principal amount is reported in U.S. dollars, except for those denoted in the following currencies:


AUD	-	Australian dollar
NZD	-	New Zealand dollar
Reg S	-	Regulation S provides an exclusion from the registration requirements of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

WisdomTree Barclays U.S. Aggregate Bond Negative Duration Fund (AGND)

November 30, 2014


Investments	Principal Amount		Value
U.S. GOVERNMENT AGENCIES - 35.7%

Federal Home Loan Mortgage Corporation - 8.2%
2.38%, 1/13/22^(a)	$	699,000	$	709,572
4.00%, 6/1/34		194,258		209,288
3.50%, 10/1/34		198,479		208,889
4.00%, 12/1/43		90,894		97,068
4.00%, 12/1/44^(b)		600,000		639,844
4.50%, 12/1/44^(b)		700,000		760,074

Total Federal Home Loan Mortgage Corporation				2,624,735

Federal National Mortgage Association - 20.6%
0.88%, 5/21/18^(a)		526,000		521,049
4.00%, 7/1/19		89,065		94,691
4.00%, 7/1/26		38,638		41,250
3.50%, 12/1/26		42,594		45,211
5.50%, 2/1/28		146,522		165,525
2.50%, 8/1/28		44,346		45,372
3.00%, 11/1/28		45,143		47,106
3.00%, 7/1/29		96,541		100,675
2.50%, 12/1/29^(b)		300,000		305,900
3.00%, 12/1/29^(b)		200,000		208,281
3.50%, 12/1/29^(b)		300,000		317,824
4.00%, 12/1/29^(b)		200,000		212,461
3.50%, 8/1/33		161,064		170,515
4.00%, 4/1/34		183,177		197,590
4.00%, 8/1/34		389,980		420,665
4.50%, 10/1/41		93,844		102,183
3.50%, 6/1/42		92,731		96,863
3.00%, 8/1/43		95,721		96,895
4.00%, 11/1/43		89,639		95,849
3.00%, 12/1/44^(b)		600,000		606,516
3.50%, 12/1/44^(b)		600,000		625,406
4.00%, 12/1/44^(b)		600,000		640,641
4.50%, 12/1/44^(b)		600,000		652,172
5.00%, 12/1/44^(b)		700,000		776,234

Total Federal National Mortgage Association				6,586,874

Government National Mortgage Association - 6.9%
5.00%, 2/20/43		157,145		175,734
5.00%, 11/20/43		292,606		323,779
5.00%, 12/20/43		297,778		330,525
3.50%, 8/20/44		297,663		313,130
5.00%, 8/20/44		94,450		105,350
3.50%, 12/1/44^(b)		400,000		420,219
4.00%, 12/1/44^(b)		400,000		429,062
5.00%, 12/1/44^(b)		100,000		109,961

Total Government National Mortgage Association				2,207,760

TOTAL U.S. GOVERNMENT AGENCIES (Cost: $11,304,025)				11,419,369

U.S. GOVERNMENT OBLIGATIONS - 27.8%

U.S. Treasury Bonds - 5.7%
U.S. Treasury Bond
4.50%, 2/15/36^(a)		399,000		518,045
4.38%, 5/15/40^(a)		328,000		421,352
2.88%, 5/15/43		352,000		348,865
3.63%, 8/15/43		464,000		529,178

Total U.S. Treasury Bonds				1,817,440

U.S. Treasury Notes - 22.1%
U.S. Treasury Note
0.38%, 3/31/16		70,000		70,120
1.75%, 5/31/16		680,000		695,141
0.63%, 7/15/16		6,281,000		6,311,915

Total U.S. Treasury Notes				7,077,176

TOTAL U.S. GOVERNMENT OBLIGATIONS (Cost: $8,771,748)				8,894,616

CORPORATE BONDS - 23.4%

United States - 23.4%
21st Century Fox America, Inc. 6.65%, 11/15/37		80,000		105,232
American International Group, Inc. 4.88%, 6/1/22^(a)		272,000		305,250
Amgen, Inc. 5.15%, 11/15/41^(a)		96,000		104,905
AT&T, Inc. 4.35%, 6/15/45		98,000		93,174
Bank of America Corp. 2.60%, 1/15/19		322,000		326,701
Burlington Northern Santa Fe LLC 4.70%, 10/1/19		254,500		284,764
Caterpillar Financial Services Corp. 7.15%, 2/15/19^(a)		49,500		59,704
Citigroup, Inc. 8.13%, 7/15/39		60,000		91,526
Comcast Corp. 6.45%, 3/15/37		171,000		223,248
DIRECTV Holdings LLC 3.80%, 3/15/22		183,000		187,933
Dow Chemical Co. (The) 4.25%, 11/15/20^(a)		231,000		250,007
Duke Energy Florida, Inc. 6.40%, 6/15/38^(a)		64,500		87,735
Energy Transfer Partners LP 6.50%, 2/1/42		40,000		45,781
Enterprise Products Operating LLC 3.35%, 3/15/23		132,000		131,913
Freeport-McMoRan, Inc. 3.88%, 3/15/23^(a)		157,000		154,709
General Electric Capital Corp. 5.50%, 1/8/20		245,000		283,437
Goldman Sachs Group, Inc. (The) 7.50%, 2/15/19		313,000		375,475
Hartford Financial Services Group, Inc. (The) 5.13%, 4/15/22^(a)		259,000		292,046
Home Depot, Inc. (The) 4.88%, 2/15/44^(a)		19,000		21,951
JPMorgan Chase & Co.
3.20%, 1/25/23		177,000		177,833
5.50%, 10/15/40		40,000		47,561

See Notes to Schedule of Investments.

Schedule of Investments (unaudited) (continued)

WisdomTree Barclays U.S. Aggregate Bond Negative Duration Fund (AGND)

November 30, 2014


Investments	Principal Amount		Value
Kinder Morgan Energy Partners LP
6.95%, 1/15/38	$	20,000	$	23,349
5.50%, 3/1/44		55,000		55,683
Merck & Co., Inc. 4.15%, 5/18/43^(a)		19,000		19,900
Mondelez International, Inc. 5.38%, 2/10/20^(a)		166,000		189,623
Morgan Stanley 2.13%, 4/25/18		200,000		201,086
Norfolk Southern Corp. 3.00%, 4/1/22		233,000		235,692
Oncor Electric Delivery Co. LLC 7.00%, 9/1/22		263,000		333,770
Oracle Corp. 6.50%, 4/15/38^(a)		80,000		106,155
PepsiCo, Inc. 4.50%, 1/15/20^(a)		277,000		309,278
Pfizer, Inc. 7.20%, 3/15/39		80,000		115,937
Philip Morris International, Inc. 4.88%, 11/15/43		170,000		185,391
Plains All American Pipeline LP 3.65%, 6/1/22		143,500		147,008
Prudential Financial, Inc. 6.63%, 12/1/37, Series D^(a)		40,000		51,904
Public Service Electric & Gas Co. 2.38%, 5/15/23		161,000		155,660
Southern California Edison Co. 4.65%, 10/1/43^(a)		144,000		161,418
Time Warner Cable, Inc. 6.75%, 6/15/39		70,500		90,999
Time Warner, Inc. 7.63%, 4/15/31^(a)		186,000		256,281
United Technologies Corp. 6.13%, 2/1/19		257,500		301,649
Verizon Communications, Inc. 6.55%, 9/15/43^(a)		177,000		228,958
Wal-Mart Stores, Inc. 6.20%, 4/15/38		84,000		111,059
WellPoint, Inc. 4.65%, 1/15/43		59,000		60,749
Wells Fargo & Co. 4.13%, 8/15/23^(a)		222,000		233,618
Xerox Corp. 6.35%, 5/15/18^(a)		218,000		248,546

TOTAL CORPORATE BONDS (Cost: $7,382,594)				7,474,598

FOREIGN CORPORATE BONDS - 3.0%

Austria - 0.1%
Oesterreichische Kontrollbank AG 4.88%, 2/16/16		40,000		42,111

Belgium - 0.7%
Anheuser-Busch InBev Worldwide, Inc. 5.38%, 1/15/20		207,000		236,517

Brazil - 0.1%
Vale Overseas Ltd. 6.88%, 11/21/36		40,000		43,857

Canada - 0.7%
Nexen Energy ULC 6.40%, 5/15/37		175,000		219,556

Mexico - 0.5%
Petroleos Mexicanos 6.00%, 3/5/20^(a)		127,000		144,964

Netherlands - 0.2%
Shell International Finance B.V. 5.50%, 3/25/40		40,000		48,848

United Kingdom - 0.7%
HSBC Holdings PLC 5.10%, 4/5/21^(a)		207,000		235,258

TOTAL FOREIGN CORPORATE BONDS (Cost: $963,782)				971,111

FOREIGN GOVERNMENT OBLIGATIONS - 1.8%

Brazil - 0.7%
Brazilian Government International Bond 10.13%, 5/15/27		139,000		220,315

Italy - 0.4%
Italy Government International Bond 5.38%, 6/15/33		129,000		153,440

Mexico - 0.6%
Mexico Government International Bond 4.00%, 10/2/23		179,000		188,398

Poland - 0.1%
Poland Government International Bond 3.00%, 3/17/23		29,000		29,087

TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost: $587,492)				591,240

SUPRANATIONAL BOND - 1.9%
European Investment Bank 4.00%, 2/16/21^(a) (Cost: $588,094)		530,000		595,814

COMMERCIAL MORTGAGE-BACKED SECURITIES - 3.6%

United States - 3.6%
Citigroup Commercial Mortgage Trust 1.99%, 4/10/46, Series 2013-GC11, Class A2		15,000		15,188
COMM Mortgage Trust
1.34%, 7/10/45, Series 2013-CR9, Class A1		24,077		24,258
3.60%, 5/10/47, Series 2014-CR17, Class ASB		170,000		179,488

See Notes to Schedule of Investments.

Schedule of Investments (unaudited) (concluded)

WisdomTree Barclays U.S. Aggregate Bond Negative Duration Fund (AGND)

November 30, 2014


Investments	Principal Amount		Value
GS Mortgage Securities Trust 4.24%, 8/10/46, Series 2013-GC14, Class A5	$	175,000	$	192,318
JPMBB Commercial Mortgage Securities Trust
4.08%, 2/15/47, Series 2014-C18, Class A5		180,000		194,258
3.05%, 4/15/47, Series 2014-C19, Class A2		190,000		198,367
JPMorgan Chase Commercial Mortgage Securities Trust 2.67%, 1/15/46, Series 2013-C13, Class A2		45,000		46,429
Morgan Stanley Bank of America Merrill Lynch Trust 3.13%, 12/15/48, Series 2013-C8, Class A4		145,000		147,876
WFRBS Commercial Mortgage Trust 4.02%, 12/15/46, Series 2013-C17, Class A4		150,000		162,147

TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES (Cost: $1,143,480)				1,160,329

MUNICIPAL BOND - 0.7%

United States - 0.7%
State of California 7.55%, 4/1/39 (Cost: $218,143)		150,000		227,817


	Shares
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED - 12.1%

United States - 12.1%
State Street Navigator Securities Lending Prime Portfolio, 0.16%^(c) (Cost: $3,869,674)^(d)		3,869,674		3,869,674

TOTAL INVESTMENTS IN SECURITIES - 110.0% (Cost: $34,829,032)				35,204,568
Liabilities in Excess of Cash and Other Assets - (10.0)%				(3,193,336	)

NET ASSETS - 100.0%			$	32,011,232

^(a)	Security, or portion thereof, was on loan at November 30, 2014 (See Note 2).

^(b)	To-be-announced (“TBA”) security (See Note 2).

^(c)	Rate shown represents annualized 7-day yield as of November 30, 2014.

^(d⁾	At November 30, 2014, the total market value of the Fund’s securities on loan was $4,151,192 and the total market value of the collateral held by the Fund was $4,236,722. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $367,048.

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

WisdomTree Barclays U.S. Aggregate Bond Zero Duration Fund (AGZD)

November 30, 2014


Investments	Principal Amount		Value
U.S. GOVERNMENT AGENCIES - 35.8%

Federal Home Loan Mortgage Corporation - 7.9%
2.38%, 1/13/22^(a)	$	1,736,000	$	1,762,257
4.00%, 5/1/34		307,895		331,717
4.00%, 12/1/43		90,894		97,068
4.00%, 12/1/44^(b)		1,300,000		1,386,328
4.50%, 12/1/44^(b)		1,400,000		1,520,148

Total Federal Home Loan Mortgage Corporation				5,097,518

Federal National Mortgage Association - 21.2%
0.88%, 5/21/18^(a)		1,411,000		1,397,718
4.00%, 7/1/19		171,125		181,935
5.50%, 10/1/25		165,423		185,051
4.00%, 7/1/26		38,638		41,250
3.50%, 12/1/26		42,594		45,211
2.50%, 8/1/28		44,346		45,372
3.00%, 11/1/28		45,143		47,106
3.00%, 7/1/29		193,083		201,349
4.50%, 9/1/29		305,616		332,663
2.50%, 12/1/29^(b)		650,000		662,784
3.00%, 12/1/29^(b)		450,000		468,633
3.50%, 12/1/29^(b)		650,000		688,619
4.00%, 12/1/29^(b)		440,000		467,414
3.50%, 8/1/33		44,740		47,365
4.00%, 5/1/34		184,434		198,945
3.50%, 7/1/34		311,885		328,885
4.00%, 8/1/34		779,961		841,330
4.50%, 9/1/39		86,936		94,725
3.50%, 6/1/42		92,731		96,864
3.00%, 8/1/43		95,721		96,895
4.00%, 11/1/43		89,639		95,849
3.00%, 12/1/44^(b)		1,300,000		1,314,117
3.50%, 12/1/44^(b)		1,295,000		1,349,835
4.00%, 12/1/44^(b)		1,300,000		1,388,055
4.50%, 12/1/44^(b)		1,300,000		1,413,039
5.00%, 12/1/44^(b)		1,400,000		1,552,469

Total Federal National Mortgage Association				13,583,478

Government National Mortgage Association - 6.7%
5.00%, 2/20/43		157,145		175,734
5.00%, 11/20/43		438,909		485,669
5.00%, 12/20/43		446,667		495,787
5.00%, 4/20/44		488,842		538,358
3.50%, 7/20/44		493,259		518,888
4.00%, 7/20/44		289,488		310,972
3.50%, 8/20/44		595,326		626,259
4.00%, 8/20/44		295,573		317,509
5.00%, 8/20/44		94,450		105,351
3.50%, 12/1/44^(b)		300,000		315,164
4.00%, 12/1/44^(b)		300,000		321,797
5.00%, 12/1/44^(b)		100,000		109,961

Total Government National Mortgage Association				4,321,449

TOTAL U.S. GOVERNMENT AGENCIES (Cost: $22,786,749)				23,002,445

U.S. GOVERNMENT OBLIGATIONS - 29.7%

U.S. Treasury Bonds - 5.7%
U.S. Treasury Bond
4.50%, 2/15/36^(a)		430,000		558,295
4.38%, 5/15/40		610,800		784,639
2.88%, 5/15/43		948,000		939,557
3.63%, 8/15/43		1,221,900		1,393,539

Total U.S. Treasury Bonds				3,676,030

U.S. Treasury Notes - 24.0%
U.S. Treasury Note
0.38%, 3/31/16		1,820,000		1,823,129
1.75%, 5/31/16		1,457,000		1,489,441
0.63%, 7/15/16		12,039,700		12,098,959

Total U.S. Treasury Notes				15,411,529

TOTAL U.S. GOVERNMENT OBLIGATIONS (Cost: $18,832,151)				19,087,559

CORPORATE BONDS - 21.8%

United States - 21.8%
21st Century Fox America, Inc. 6.65%, 11/15/37		179,000		235,457
American International Group, Inc. 4.88%, 6/1/22		343,000		384,929
Amgen, Inc. 5.15%, 11/15/41^(a)		183,000		199,975
AT&T, Inc. 4.35%, 6/15/45		160,000		152,121
Bank of America Corp. 2.60%, 1/15/19		657,000		666,592
Burlington Northern Santa Fe LLC 4.70%, 10/1/19		229,500		256,791
Capital One Financial Corp. 6.15%, 9/1/16		489,000		530,492
Caterpillar Financial Services Corp. 7.15%, 2/15/19^(a)		151,500		182,730
Comcast Corp. 6.45%, 3/15/37		284,000		370,774
Costco Wholesale Corp. 5.50%, 3/15/17		36,000		39,702
DIRECTV Holdings LLC 3.80%, 3/15/22		267,000		274,198
Dow Chemical Co. (The) 4.25%, 11/15/20^(a)		240,000		259,748
Duke Energy Florida, Inc. 6.40%, 6/15/38^(a)		147,500		200,635
Energy Transfer Partners LP 6.50%, 2/1/42		120,000		137,342
Enterprise Products Operating LLC 3.35%, 3/15/23		169,000		168,888
Freeport-McMoRan, Inc. 3.88%, 3/15/23^(a)		195,000		192,154
General Electric Capital Corp. 5.50%, 1/8/20		484,000		559,933

See Notes to Schedule of Investments.

Schedule of Investments (unaudited) (continued)

WisdomTree Barclays U.S. Aggregate Bond Zero Duration Fund (AGZD)

November 30, 2014


Investments	Principal Amount		Value
Goldman Sachs Group, Inc. (The) 7.50%, 2/15/19	$	531,000	$	636,988
Hartford Financial Services Group, Inc. (The) 5.13%, 4/15/22		426,000		480,354
Home Depot, Inc. (The) 4.88%, 2/15/44^(a)		65,000		75,097
JPMorgan Chase & Co. 3.20%, 1/25/23		474,000		476,229
Kinder Morgan Energy Partners LP 5.50%, 3/1/44		183,000		185,274
Mondelez International, Inc. 5.38%, 2/10/20		293,000		334,695
Morgan Stanley 2.13%, 4/25/18		602,000		605,269
Norfolk Southern Corp. 3.00%, 4/1/22		534,000		540,169
Oncor Electric Delivery Co. LLC 7.00%, 9/1/22		354,000		449,257
Oracle Corp. 6.50%, 4/15/38^(a)		168,000		222,926
PepsiCo, Inc. 4.50%, 1/15/20^(a)		291,000		324,910
Pfizer, Inc. 7.20%, 3/15/39		234,000		339,115
Philip Morris International, Inc. 4.88%, 11/15/43		224,000		244,280
Plains All American Pipeline LP 3.65%, 6/1/22		319,500		327,310
Prudential Financial, Inc. 6.63%, 12/1/37, Series D^(a)		229,000		297,150
Public Service Electric & Gas Co. 2.38%, 5/15/23^(a)		469,000		453,444
Southern California Edison Co. 4.65%, 10/1/43^(a)		300,000		336,288
Time Warner Cable, Inc. 6.75%, 6/15/39		143,500		185,225
Time Warner, Inc. 7.63%, 4/15/31		307,000		423,002
United Technologies Corp. 6.13%, 2/1/19		298,500		349,678
Verizon Communications, Inc. 6.55%, 9/15/43^(a)		391,000		505,777
Wal-Mart Stores, Inc. 6.20%, 4/15/38		335,000		442,912
WellPoint, Inc. 4.65%, 1/15/43		185,000		190,483
Wells Fargo & Co. 4.13%, 8/15/23^(a)		494,000		519,853
Xerox Corp. 6.35%, 5/15/18^(a)		241,000		274,769

TOTAL CORPORATE BONDS (Cost: $13,895,947)				14,032,915

FOREIGN CORPORATE BONDS - 3.6%

Belgium - 0.8%
Anheuser-Busch InBev Worldwide, Inc. 5.38%, 1/15/20		447,000		510,739

Brazil - 0.3%
Petrobras International Finance Co. 6.88%, 1/20/40^(a)		87,000		87,221
Vale Overseas Ltd. 6.88%, 11/21/36^(a)		120,000		131,571

Total Brazil				218,792

Canada - 0.5%
Bank of Montreal 2.50%, 1/11/17^(a)		185,000		190,581
Nexen Energy ULC 6.40%, 5/15/37		110,000		138,007

Total Canada				328,588

Mexico - 0.6%
Petroleos Mexicanos 6.00%, 3/5/20^(a)		337,000		384,669

Netherlands - 0.2%
Shell International Finance B.V. 5.50%, 3/25/40		120,000		146,545

Spain - 0.3%
Telefonica Emisiones SAU 3.99%, 2/16/16		151,000		156,427

United Kingdom - 0.9%
HSBC Holdings PLC 5.10%, 4/5/21^(a)		482,000		547,799

TOTAL FOREIGN CORPORATE BONDS (Cost: $2,300,188)				2,293,559

FOREIGN GOVERNMENT OBLIGATIONS - 1.8%

Brazil - 0.6%
Brazilian Government International Bond 10.13%, 5/15/27		232,000		367,720

Italy - 0.4%
Italy Government International Bond 5.38%, 6/15/33		217,000		258,113

Mexico - 0.6%
Mexico Government International Bond 4.00%, 10/2/23		365,000		384,162

Turkey - 0.2%
Turkey Government International Bond 7.38%, 2/5/25		98,000		123,730

See Notes to Schedule of Investments.

Schedule of Investments (unaudited) (concluded)

WisdomTree Barclays U.S. Aggregate Bond Zero Duration Fund (AGZD)

November 30, 2014


Investments	Principal Amount		Value
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost: $1,124,853)				1,133,725

SUPRANATIONAL BOND - 1.5%
European Investment Bank 4.00%, 2/16/21 (Cost: $922,310)	$	830,000	$	933,068

COMMERCIAL MORTGAGE-BACKED SECURITIES - 3.3%

United States - 3.3%
Citigroup Commercial Mortgage Trust 1.99%, 4/10/46, Series 2013-GC11, Class A2		35,000		35,437
COMM Mortgage Trust
1.34%, 7/10/45, Series 2013-CR9, Class A1		24,077		24,258
3.60%, 5/10/47, Series 2014-CR17, Class ASB		55,000		58,070
GS Mortgage Securities Trust 4.24%, 8/10/46, Series 2013-GC14, Class A5		265,000		291,225
JPMBB Commercial Mortgage Securities Trust
4.08%, 2/15/47, Series 2014-C18, Class A5		250,000		269,802
3.05%, 4/15/47, Series 2014-C19, Class A2		245,000		255,790
JPMorgan Chase Commercial Mortgage Securities Trust
2.67%, 1/15/46, Series 2013-C13, Class A2		75,000		77,382
5.42%, 1/15/49, Series 2007-LDPX, Class A3		103,654		111,740
Morgan Stanley Bank of America Merrill Lynch Trust 3.13%, 12/15/48, Series 2013-C8, Class A4		225,000		229,463
UBS Commercial Mortgage Trust 3.00%, 5/10/45, Series 2012-C1, Class AAB		250,000		259,509
UBS-Barclays Commercial Mortgage Trust 3.09%, 8/10/49, Series 2012-C3, Class A4		100,000		102,119
WFRBS Commercial Mortgage Trust
4.02%, 12/15/46, Series 2013-C17, Class A4		205,000		221,600
1.19%, 3/15/47, Series 2014-LC14, Class A1		199,228		199,435

TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES (Cost: $2,102,590)				2,135,830

MUNICIPAL BOND - 0.6%

United States - 0.6%
State of California 7.55%, 4/1/39 (Cost: $381,978)		260,000		394,883

	Shares
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED - 8.7%

United States - 8.7%
State Street Navigator Securities Lending Prime Portfolio, 0.16%^(c) (Cost: $5,581,554)^(d)		5,581,554		5,581,554

TOTAL INVESTMENTS IN SECURITIES - 106.8% (Cost: $67,928,320)				68,595,538
Liabilities in Excess of Cash and Other Assets - (6.8)%				(4,356,972	)

NET ASSETS - 100.0%			$	64,238,566


^(a)		Security, or portion thereof, was on loan at November 30, 2014 (See Note 2).
^(b)		To-be-announced (“TBA”) security (See Note 2).
^(c)		Rate shown represents annualized 7-day yield as of November 30, 2014.
^(d)		At November 30, 2014, the total market value of the Fund’s securities on loan was $5,987,562 and the total market value of the collateral held by the Fund was $6,111,744. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $530,190.

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

WisdomTree Bloomberg Floating Rate Treasury Fund (USFR)

November 30, 2014


Investments	Principal Amount		Value
U.S. GOVERNMENT OBLIGATIONS - 99.9%

U.S. Treasury Notes - 99.9%
U.S. Treasury Floating Rate Note
0.07%, 1/31/16**	$	742,000	$	741,944
0.09%, 4/30/16**		742,000		742,123
0.09%, 7/31/16**		742,000		742,094
0.07%, 10/31/16**^(a)		270,000		269,924

TOTAL U.S. GOVERNMENT OBLIGATIONS (Cost: $2,496,180)				2,496,085


	Shares
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED - 11.0%

United States - 11.0%
State Street Navigator Securities Lending Prime Portfolio, 0.16%^(b) (Cost: $275,400)^(c)		275,400		275,400

TOTAL INVESTMENTS IN SECURITIES - 110.9% (Cost: $2,771,580)				2,771,485
Liabilities in Excess of Cash and Other Assets - (10.9)%				(273,174	)

NET ASSETS - 100.0%			$	2,498,311


**		Floating rate note. Coupon shown is in effect at November 30, 2014. Date represents the ultimate maturity date.
^(a)		Security, or portion thereof, was on loan at November 30, 2014 (See Note 2).
^(b)		Rate shown represents annualized 7-day yield as of November 30, 2014.
^(c)		At November 30, 2014, the total market value of the Fund’s securities on loan was $269,924 and the total market value of the collateral held by the Fund was $275,400.

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

WisdomTree BofA Merrill Lynch High Yield Bond Negative Duration Fund (HYND)

November 30, 2014


Investments	Principal Amount		Value
CORPORATE BONDS - 84.9%

United States - 84.9%
AES Corp. 8.00%, 10/15/17	$	49,000	$	55,738
Affinion Group, Inc. 7.88%, 12/15/18^(a)		50,000		38,125
Alcoa, Inc. 6.75%, 7/15/18^(a)		113,000		128,198
Alere, Inc. 7.25%, 7/1/18		76,000		80,750
Ally Financial, Inc. 5.50%, 2/15/17		196,000		206,535
Associated Materials LLC 9.13%, 11/1/17^(a)		150,000		129,000
Avaya, Inc. 7.00%, 4/1/19^(b)		126,000		123,795
Best Buy Co., Inc. 5.00%, 8/1/18		112,000		116,690
Beverages & More, Inc. 10.00%, 11/15/18^(b)		30,000		28,763
Big Heart Pet Brands 7.63%, 2/15/19^(a)		157,000		154,154
Cablevision Systems Corp. 7.75%, 4/15/18^(a)		188,000		209,385
Carrizo Oil & Gas, Inc. 8.63%, 10/15/18^(a)		60,000		62,400
Casella Waste Systems, Inc. 7.75%, 2/15/19		157,000		159,747
CDW LLC 8.50%, 4/1/19		81,000		86,366
Chinos Intermediate Holdings A, Inc. 7.75%, 5/1/19, PIK^(a)(b)		157,000		148,757
CIT Group, Inc. 5.00%, 5/15/17^(a)		226,000		236,170
CNH Industrial Capital LLC 6.25%, 11/1/16^(a)		150,000		158,812
Cogent Communications Holdings, Inc. 8.38%, 2/15/18^(b)		60,000		63,300
Dell, Inc. 3.10%, 4/1/16^(a)		106,000		107,325
DISH DBS Corp. 4.25%, 4/1/18^(a)		226,000		230,520
EPL Oil & Gas, Inc. 8.25%, 2/15/18^(a)		99,000		91,080
EV Energy Partners L.P. 8.00%, 4/15/19		88,000		84,920
First Data Corp. 7.38%, 6/15/19^(b)		156,000		164,580
General Motors Co. 3.50%, 10/2/18		212,000		218,360
GenOn Energy, Inc. 7.88%, 6/15/17		188,000		193,170
HCA, Inc. 6.50%, 2/15/16^(a)		106,000		111,433
HD Supply, Inc. 8.13%, 4/15/19		92,000		100,188
Headwaters, Inc. 7.25%, 1/15/19		125,000		130,938
Hertz Corp. (The) 6.75%, 4/15/19^(a)		119,000		123,463
Hexion U.S. Finance Corp. 8.88%, 2/1/18^(a)		150,000		142,125
iHeartCommunications, Inc. 6.88%, 6/15/18		50,000		45,250
International Lease Finance Corp. 8.75%, 3/15/17		246,000		277,857
iStar Financial, Inc.
7.13%, 2/15/18		188,000		200,220
4.88%, 7/1/18		56,000		55,370
KB Home 4.75%, 5/15/19		188,000		187,530
Kinder Morgan Finance Co. LLC 5.70%, 1/5/16		176,000		184,556
Kinetic Concepts, Inc. 10.50%, 11/1/18^(a)		150,000		166,500
Lennar Corp. 4.75%, 12/15/17		188,000		195,755
Level 3 Financing, Inc. 9.38%, 4/1/19		94,000		100,698
Masco Corp. 6.13%, 10/3/16		88,000		94,270
MGM Resorts International 7.63%, 1/15/17^(a)		144,000		155,880
Michaels FinCo Holdings LLC 7.50%, 8/1/18, PIK^(a)(b)		131,000		134,275
Navient Corp. 8.45%, 6/15/18		253,000		286,522
NRG Energy, Inc. 7.63%, 1/15/18^(a)		188,000		208,680
Pactiv LLC 8.13%, 6/15/17		200,000		219,000
Peabody Energy Corp. 6.00%, 11/15/18^(a)		56,000		53,620
PPL Capital Funding, Inc. 6.70%, 3/30/67, Series A^(c)		56,000		56,730
Radian Group, Inc. 5.50%, 6/1/19		188,000		194,580
Safway Group Holding LLC 7.00%, 5/15/18^(a)(b)		130,000		131,709
Sears Holdings Corp. 6.63%, 10/15/18^(a)		99,000		92,565
Speedy Cash Intermediate Holdings Corp. 10.75%, 5/15/18^(a)(b)		80,000		80,400
Sprint Communications, Inc. 9.00%, 11/15/18^(b)		271,000		314,360
Standard Pacific Corp. 8.38%, 5/15/18^(a)		38,000		43,463
SUPERVALU, Inc. 8.00%, 5/1/16		113,000		123,453
Syniverse Holdings, Inc. 9.13%, 1/15/19		38,000		39,805
T-Mobile USA, Inc. 6.46%, 4/28/19^(a)		119,000		123,760
Tenet Healthcare Corp. 5.00%, 3/1/19^(a)(b)		130,000		128,375

See Notes to Schedule of Investments.

Schedule of Investments (unaudited) (concluded)

WisdomTree BofA Merrill Lynch High Yield Bond Negative Duration Fund (HYND)

November 30, 2014


Investments	Principal Amount		Value
Thompson Creek Metals Co., Inc. 7.38%, 6/1/18	$	157,000	$	144,047
Toys R Us, Inc. 10.38%, 8/15/17^(a)		20,000		16,600
TransUnion Holding Co., Inc. 8.13%, 6/15/18^(a)		112,000		116,480
U.S. Airways Group, Inc. 6.13%, 6/1/18^(a)		188,000		195,520
U.S. Foods, Inc. 8.50%, 6/30/19		126,000		134,001
United Continental Holdings, Inc. 6.38%, 6/1/18		188,000		197,165
Univision Communications, Inc. 6.88%, 5/15/19^(b)		188,000		197,870
USG Corp. 9.75%, 1/15/18		76,000		87,780
Valeant Pharmaceuticals International, Inc. 6.75%, 8/15/18^(a)(b)		110,000		117,838
Verso Paper Holdings LLC 11.75%, 1/15/19		29,000		22,475
VWR Funding, Inc. 7.25%, 9/15/17^(a)		112,000		117,753
Westmoreland Coal Co. 10.75%, 2/1/18		98,000		103,047
Windstream Corp. 7.88%, 11/1/17		107,000		118,436

TOTAL CORPORATE BONDS (Cost: $9,447,279)				9,348,982

FOREIGN CORPORATE BONDS - 7.2%

Canada - 1.0%
Tervita Corp. 8.00%, 11/15/18^(a)(b)		119,000		108,290

Cyprus - 1.0%
Drill Rigs Holdings, Inc. 6.50%, 10/1/17^(a)(b)		126,000		112,140

Italy - 0.8%
Telecom Italia Capital S.A. 7.00%, 6/4/18^(a)		76,000		85,310

Luxembourg - 3.1%
ArcelorMittal 5.00%, 2/25/17^(a)		242,000		252,890
Intelsat Jackson Holdings S.A. 7.25%, 4/1/19^(a)		92,000		96,600

Total Luxembourg				349,490

Norway - 1.3%
Eksportfinans ASA 2.00%, 9/15/15		140,000		140,805

TOTAL FOREIGN CORPORATE BONDS (Cost: $825,807)				796,035


	Shares
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED - 27.6%

United States - 27.6%
State Street Navigator Securities Lending Prime Portfolio, 0.16%^(d) (Cost: $3,042,740)^(e)		3,042,740		3,042,740

TOTAL INVESTMENTS IN SECURITIES - 119.7% (Cost: $13,315,826)				13,187,757
Liabilities in Excess of Cash and Other Assets - (19.7)%				(2,169,414	)

NET ASSETS - 100.0%			$	11,018,343

^(a)	Security, or portion thereof, was on loan at November 30, 2014 (See Note 2).

^(b)	This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers.

^(c)	Rate shown reflects the current rate on securities with variable or step rates.

^(d)	Rate shown represents annualized 7-day yield as of November 30, 2014.

^(e)	At November 30, 2014, the total market value of the Fund’s securities on loan was $2,980,484 and the total market value of the collateral held by the Fund was $3,042,740.

PIK	- Payment In Kind

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

WisdomTree BofA Merrill Lynch High Yield Bond Zero Duration Fund (HYZD)

November 30, 2014


Investments	Principal Amount		Value
CORPORATE BONDS - 84.2%

United States - 84.2%
AES Corp. 8.00%, 10/15/17^(a)	$	121,000	$	137,638
Affinion Group, Inc. 7.88%, 12/15/18^(a)		183,000		139,538
Alcoa, Inc. 6.75%, 7/15/18^(a)		174,000		197,403
Alere, Inc. 7.25%, 7/1/18		200,000		212,500
Ally Financial, Inc. 5.50%, 2/15/17^(a)		584,000		615,390
Associated Materials LLC 9.13%, 11/1/17^(a)		342,000		294,120
Avaya, Inc. 7.00%, 4/1/19^(b)		22,000		21,615
Avon Products, Inc. 6.50%, 3/1/19^(a)		107,000		109,408
Best Buy Co., Inc. 5.00%, 8/1/18^(a)		200,000		208,375
Beverages & More, Inc. 10.00%, 11/15/18^(b)		89,000		85,329
Big Heart Pet Brands 7.63%, 2/15/19^(a)		258,000		253,324
Cablevision Systems Corp. 7.75%, 4/15/18^(a)		426,000		474,457
Carrizo Oil & Gas, Inc. 8.63%, 10/15/18^(a)		116,000		120,640
CCO Holdings LLC 7.00%, 1/15/19		426,000		444,637
CDW LLC 8.50%, 4/1/19		208,000		221,780
Chinos Intermediate Holdings A, Inc. 7.75%, 5/1/19, PIK^(a)(b)		342,000		324,045
CIT Group, Inc. 5.00%, 5/15/17^(a)		533,000		556,985
CNH Industrial Capital LLC 6.25%, 11/1/16^(a)		387,000		409,736
Cogent Communications Holdings, Inc. 8.38%, 2/15/18^(b)		180,000		189,900
Constellation Brands, Inc. 7.25%, 9/1/16		198,000		216,810
D.R. Horton, Inc. 3.75%, 3/1/19		217,000		218,085
Dell, Inc. 3.10%, 4/1/16^(a)		73,000		73,913
DISH DBS Corp. 4.25%, 4/1/18		463,000		472,260
Eagle Midco, Inc. 9.00%, 6/15/18^(b)		194,000		198,850
EPL Oil & Gas, Inc. 8.25%, 2/15/18^(a)		282,000		259,440
EV Energy Partners L.P. 8.00%, 4/15/19		216,000		208,440
First Data Corp. 7.38%, 6/15/19^(b)		242,000		255,310
General Motors Co. 3.50%, 10/2/18^(a)		584,000		601,520
GenOn Energy, Inc. 7.88%, 6/15/17		426,000		437,715
HCA, Inc. 6.50%, 2/15/16^(a)		327,000		343,759
HD Supply, Inc. 8.13%, 4/15/19		219,000		238,491
Headwaters, Inc. 7.25%, 1/15/19		256,000		268,160
Hertz Corp. (The) 6.75%, 4/15/19		142,000		147,325
Hexion U.S. Finance Corp. 8.88%, 2/1/18^(a)		359,000		340,152
iHeartCommunications, Inc. 6.88%, 6/15/18		142,000		128,510
International Lease Finance Corp. 8.75%, 3/15/17		461,000		520,699
iStar Financial, Inc.
7.13%, 2/15/18		74,000		78,810
4.88%, 7/1/18^(a)		245,000		242,244
KB Home 4.75%, 5/15/19		58,000		57,855
Kinder Morgan Finance Co. LLC 5.70%, 1/5/16^(a)		379,000		397,425
Kinetic Concepts, Inc. 10.50%, 11/1/18^(a)		342,000		379,620
Lennar Corp. 4.75%, 12/15/17		342,000		356,107
Level 3 Financing, Inc. 9.38%, 4/1/19		179,000		191,754
Masco Corp. 6.13%, 10/3/16		87,000		93,199
MGM Resorts International 7.63%, 1/15/17^(a)		336,000		363,720
Michaels FinCo Holdings LLC 7.50%, 8/1/18, PIK^(b)		21,000		21,525
Navient Corp. 8.45%, 6/15/18		674,000		763,305
NRG Energy, Inc. 7.63%, 1/15/18		426,000		472,860
Pactiv LLC 8.13%, 6/15/17		258,000		282,510
Peabody Energy Corp. 6.00%, 11/15/18^(a)		167,000		159,903
PPL Capital Funding, Inc. 6.70%, 3/30/67, Series A^(c)		137,000		138,786
PulteGroup, Inc. 7.63%, 10/15/17		52,000		59,280
Radian Group, Inc. 5.50%, 6/1/19		426,000		440,910
Sabine Pass LNG L.P. 7.50%, 11/30/16		250,000		266,875
Safway Group Holding LLC 7.00%, 5/15/18^(a)(b)		219,000		221,880
Sears Holdings Corp. 6.63%, 10/15/18^(a)		79,000		73,865
Speedy Cash Intermediate Holdings Corp. 10.75%, 5/15/18^(a)(b)		142,000		142,710
Sprint Communications, Inc. 9.00%, 11/15/18^(b)		557,000		646,120

See Notes to Schedule of Investments.

Schedule of Investments (unaudited) (concluded)

WisdomTree BofA Merrill Lynch High Yield Bond Zero Duration Fund (HYZD)

November 30, 2014


Investments	Principal Amount		Value
Standard Pacific Corp. 8.38%, 5/15/18^(a)	$	84,000	$	96,075
Syniverse Holdings, Inc. 9.13%, 1/15/19		342,000		358,245
Synovus Financial Corp. 5.13%, 6/15/17		237,000		243,517
T-Mobile USA, Inc. 6.46%, 4/28/19^(a)		268,000		278,720
Tenet Healthcare Corp. 5.00%, 3/1/19^(a)(b)		341,000		336,737
Thompson Creek Metals Co., Inc. 7.38%, 6/1/18^(a)		258,000		236,715
Toys R Us, Inc. 10.38%, 8/15/17^(a)		83,000		68,890
TransUnion Holding Co., Inc. 8.13%, 6/15/18^(a)		426,000		443,040
U.S. Airways Group, Inc. 6.13%, 6/1/18^(a)		342,000		355,680
U.S. Foods, Inc. 8.50%, 6/30/19		232,000		246,732
United Continental Holdings, Inc. 6.38%, 6/1/18		308,000		323,015
Univision Communications, Inc. 6.88%, 5/15/19^(b)		163,000		171,557
USG Corp. 9.75%, 1/15/18^(a)		342,000		395,010
Valeant Pharmaceuticals International, Inc. 6.75%, 8/15/18^(a)(b)		325,000		348,156
Verso Paper Holdings LLC 11.75%, 1/15/19		74,000		57,350
VWR Funding, Inc. 7.25%, 9/15/17^(a)		140,000		147,192
Westmoreland Coal Co. 10.75%, 2/1/18		250,000		262,875
Whiting Petroleum Corp. 5.00%, 3/15/19^(a)		123,000		120,233
Windstream Corp. 7.88%, 11/1/17		174,000		192,596

TOTAL CORPORATE BONDS (Cost: $20,814,103)				20,479,857

FOREIGN CORPORATE BONDS - 9.9%

Australia - 0.5%
FMG Resources August 2006 Pty Ltd. 6.00%, 4/1/17^(a)(b)		134,000		127,719

Canada - 0.7%
Telesat Canada 6.00%, 5/15/17^(b)		145,000		149,423
Tervita Corp. 8.00%, 11/15/18^(b)		29,000		26,390

Total Canada				175,813

France - 1.0%
Numericable-SFR 4.88%, 5/15/19^(a)(b)		250,000		248,125

Germany - 1.1%
Schaeffler Holding Finance B.V. 6.88%, 8/15/18, PIK^(b)		250,000		262,812
Italy - 1.3%
Telecom Italia Capital S.A.
5.25%, 10/1/15		158,000		162,740
7.00%, 6/4/18		135,000		151,537

Total Italy				314,277

Luxembourg - 3.8%
ArcelorMittal 5.00%, 2/25/17^(a)		557,000		582,065
Intelsat Jackson Holdings S.A. 7.25%, 4/1/19^(a)		319,000		334,950

Total Luxembourg				917,015

Norway - 1.5%
Eksportfinans ASA 2.00%, 9/15/15		348,000		350,001

TOTAL FOREIGN CORPORATE BONDS (Cost: $2,414,748)				2,395,762


	Shares
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED - 29.8%

United States - 29.8%
State Street Navigator Securities Lending Prime Portfolio, 0.16%^(d) (Cost: $7,247,770)^(e)		7,247,770		7,247,770

TOTAL INVESTMENTS IN SECURITIES - 123.9% (Cost: $30,476,621)				30,123,389
Liabilities in Excess of Cash and Other Assets - (23.9)%				(5,803,510	)

NET ASSETS - 100.0%			$	24,319,879

^(a)	Security, or portion thereof, was on loan at November 30, 2014 (See Note 2).

^(b)	This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers.

^(c)	Rate shown reflects the current rate on securities with variable or step rates.

^(d)	Rate shown represents annualized 7-day yield as of November 30, 2014.

^(e)	At November 30, 2014, the total market value of the Fund’s securities on loan was $7,280,561 and the total market value of the collateral held by the Fund was $7,432,240. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $184,470.

PIK	- Payment In Kind

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

WisdomTree Emerging Markets Corporate Bond Fund (EMCB)

November 30, 2014


Investments	Principal Amount		Value
FOREIGN CORPORATE BONDS - 93.7%

Brazil - 18.2%
Braskem Finance Ltd. 5.75%, 4/15/21, Reg S	$	3,668,000	$	3,787,210
CSN Resources S.A. 6.50%, 7/21/20, Reg S^(a)		2,004,000		1,938,870
Odebrecht Finance Ltd. 4.38%, 4/25/25^(a)(b)		2,520,000		2,230,200
Odebrecht Offshore Drilling Finance Ltd. 6.75%, 10/1/22, Reg S^(a)		1,335,180		1,321,828
Oi S.A. 5.75%, 2/10/22, Reg S^(a)		951,000		907,064
Petrobras Global Finance B.V. 5.63%, 5/20/43^(a)		2,080,000		1,816,776
Petrobras International Finance Co. 5.38%, 1/27/21^(a)		4,987,000		4,995,229
Vale Overseas Ltd. 4.38%, 1/11/22^(a)		3,459,000		3,451,217

Total Brazil				20,448,394

Chile - 2.1%
Cencosud S.A. 4.88%, 1/20/23, Reg S^(a)		2,340,000		2,340,000

China - 3.8%
China Overseas Finance Cayman VI Ltd. 4.25%, 5/8/19, Reg S		1,750,000		1,817,804
Country Garden Holdings Co., Ltd. 7.25%, 4/4/21, Reg S		2,450,000		2,419,375

Total China				4,237,179

Colombia - 5.7%
Ecopetrol S.A. 7.63%, 7/23/19^(a)		2,650,000		3,166,750
Pacific Rubiales Energy Corp.
5.38%, 1/26/19^(a)(b)		2,360,000		2,360,000
5.13%, 3/28/23, Reg S^(a)		990,000		925,650

Total Colombia				6,452,400

Hong Kong - 5.2%
Hutchison Whampoa International 11 Ltd. 4.63%, 1/13/22, Reg S^(a)		1,365,000		1,485,606
MIE Holdings Corp. 7.50%, 4/25/19^(b)		2,000,000		1,810,980
Noble Group Ltd. 6.75%, 1/29/20, Reg S		2,253,000		2,528,992

Total Hong Kong				5,825,578

India - 6.0%
Bharti Airtel International Netherlands B.V. 5.35%, 5/20/24^(b)		2,700,000		2,949,961
ICICI Bank Ltd. 6.38%, 4/30/22, Reg S^(c)		1,625,000		1,690,000
Vedanta Resources PLC 8.25%, 6/7/21, Reg S^(a)		2,098,000		2,118,980

Total India				6,758,941

Indonesia - 6.8%
Pertamina Persero PT 5.63%, 5/20/43, Reg S		5,420,000		5,274,825
Perusahaan Gas Negara Persero Tbk PT 5.13%, 5/16/24, Reg S		2,260,000		2,351,813

Total Indonesia				7,626,638

Jamaica - 4.0%
Digicel Group Ltd. 8.25%, 9/30/20, Reg S^(a)		4,360,000		4,490,800

Kazakhstan - 2.9%
KazMunayGas National Co. JSC 6.38%, 4/9/21, Reg S		2,967,000		3,219,195

Macau - 0.9%
MCE Finance Ltd.
5.00%, 2/15/21^(a)(b)		200,000		194,500
5.00%, 2/15/21, Reg S		900,000		875,250

Total Macau				1,069,750

Mexico - 13.3%
Cemex S.A.B. de C.V.
6.50%, 12/10/19^(a)(b)		200,000		210,000
7.25%, 1/15/21^(a)(b)		200,000		212,000
7.25%, 1/15/21, Reg S^(a)		1,810,000		1,918,600
Empresas ICA S.A.B. de C.V. 8.90%, 2/4/21, Reg S^(a)		2,280,000		2,317,809
Grupo Bimbo S.A.B. de C.V. 4.50%, 1/25/22, Reg S		2,668,000		2,815,407
Mexichem S.A.B. de C.V. 4.88%, 9/19/22, Reg S^(a)		3,850,000		4,013,625
Southern Copper Corp. 5.25%, 11/8/42^(a)		3,810,000		3,497,694

Total Mexico				14,985,135

Morocco - 2.7%
OCP S.A.
5.63%, 4/25/24^(b)		200,000		212,250
5.63%, 4/25/24, Reg S		2,700,000		2,865,375

Total Morocco				3,077,625

Peru - 1.9%
BBVA Banco Continental S.A. 5.25%, 9/22/29^(a)(b)(c)		90,000		91,350
Volcan Cia Minera S.A.A. 5.38%, 2/2/22, Reg S		2,106,000		2,084,940

Total Peru				2,176,290

Qatar - 2.9%
Ooredoo International Finance Ltd. 4.75%, 2/16/21, Reg S		2,956,000		3,236,820

See Notes to Schedule of Investments.

Schedule of Investments (unaudited) (concluded)

WisdomTree Emerging Markets Corporate Bond Fund (EMCB)

November 30, 2014


Investments	Principal Amount		Value
Russia - 10.5%
EDC Finance Ltd. 4.88%, 4/17/20, Reg S	$	810,000	$	690,525
EuroChem Mineral & Chemical Co. OJSC via EuroChem GI Ltd. 5.13%, 12/12/17, Reg S		1,750,000		1,655,937
Evraz Group S.A. 6.75%, 4/27/18, Reg S^(a)		3,351,000		2,982,390
Lukoil International Finance B.V. 6.13%, 11/9/20, Reg S^(a)		1,573,000		1,521,877
Severstal OAO Via Steel Capital S.A. 6.70%, 10/25/17, Reg S		235,000		239,113
Severstal OAO via Steel Capital S.A. 5.90%, 10/17/22, Reg S		677,000		629,610
VimpelCom Holdings B.V. 7.50%, 3/1/22, Reg S		4,352,000		4,052,800

Total Russia				11,772,252

Singapore - 1.5%
Puma International Financing S.A.
6.75%, 2/1/21, Reg S		500,000		502,500
6.75%, 2/1/21^(b)		1,140,000		1,145,700

Total Singapore				1,648,200

South Africa - 2.6%
AngloGold Ashanti Holdings PLC 8.50%, 7/30/20^(a)		2,660,000		2,879,450

Turkey - 2.3%
Anadolu Efes Biracilik Ve Malt Sanayii A.S. 3.38%, 11/1/22, Reg S^(a)		2,730,000		2,535,488

Venezuela - 0.4%
Petroleos de Venezuela S.A. 8.50%, 11/2/17, Reg S^(a)		718,200		505,469

TOTAL FOREIGN CORPORATE BONDS (Cost: $107,033,718)				105,285,604

FOREIGN GOVERNMENT AGENCIES - 3.4%

United Arab Emirates - 3.4%
MDC-GMTN B.V. 5.50%, 4/20/21, Reg S (Cost: $3,618,143)		3,256,000		3,781,030

SUPRANATIONAL BONDS - 1.0%
Alibaba Group Holding Ltd. 3.60%, 11/28/24^(b)		560,000		561,293
Industrial & Commercial Bank of China Ltd. 3.23%, 11/13/19		560,000		567,952

TOTAL SUPRANATIONAL BONDS (Cost: $1,124,229)				1,129,245


	Shares
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED - 28.7%

United States - 28.7%
State Street Navigator Securities Lending Prime Portfolio, 0.16%^(d) (Cost: $32,308,235)^(e)		32,308,235		32,308,235

TOTAL INVESTMENTS IN SECURITIES - 126.8% (Cost: $144,084,325)				142,504,114
Liabilities in Excess of Cash and Other Assets - (26.8)%				(30,107,848	)

NET ASSETS - 100.0%			$	112,396,266

^(a)	Security, or portion thereof, was on loan at November 30, 2014 (See Note 2).

^(b)	This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers.

^(c)	Rate shown reflects the current rate on securities with variable or step rates.

^(d)	Rate shown represents annualized 7-day yield as of November 30, 2014.

^(e)	At November 30, 2014, the total market value of the Fund’s securities on loan was $33,281,607 and the total market value of the collateral held by the Fund was $33,974,405. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,666,170.

Reg S -

Regulation S provides an exclusion from the registration requirements of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

WisdomTree Emerging Markets Local Debt Fund (ELD)

November 30, 2014


Investments	Principal Amount			Value
FOREIGN GOVERNMENT AGENCIES - 1.1%

Russia - 0.7%
Russian Railways via RZD Capital PLC 8.30%, 4/2/19, Reg S		262,300,000	RUB	$	4,519,900
South Africa - 0.4%
KFW 7.00%, 4/9/18		30,000,000	ZAR		2,763,536

TOTAL FOREIGN GOVERNMENT AGENCIES (Cost: $9,787,929)					7,283,436

FOREIGN GOVERNMENT OBLIGATIONS - 89.6%

Brazil - 10.6%
Brazil Letras do Tesouro Nacional
10.45%, 1/1/15^(a)		278,000	BRL		106,870
11.12%, 1/1/16^(a)		46,066,000	BRL		15,741,659
9.06%, 7/1/16^(a)		41,391,000	BRL		13,355,151
11.26%, 1/1/17^(a)		22,599,000	BRL		6,901,079
Brazil Notas do Tesouro Nacional
10.00%, 1/1/17, Series F		26,592,000	BRL		9,931,177
10.00%, 1/1/21, Series F		34,155,000	BRL		12,269,324
10.00%, 1/1/23, Series F		36,340,000	BRL		12,877,746
Brazilian Government International Bond
12.50%, 1/5/16		2,049,000	BRL		823,641
12.50%, 1/5/22		929,000	BRL		417,429

Total Brazil					72,424,076

Chile - 3.7%
Bonos del Banco Central de Chile en Pesos
6.00%, 1/1/17, Series 5YR		4,355,000,000	CLP		7,570,582
6.00%, 3/1/23		1,525,000,000	CLP		2,794,875
Chile Government International Bond
5.50%, 8/5/20		7,351,500,000	CLP		12,746,065
6.00%, 1/1/22, Reg S		1,000,000,000	CLP		1,811,608

Total Chile					24,923,130

China - 3.8%
China Government Bond
1.40%, 8/18/16, Reg S		14,000,000	CNY		2,224,570
2.56%, 6/29/17		10,500,000	CNY		1,699,339
3.09%, 6/29/20		7,500,000	CNY		1,220,381
2.48%, 12/1/20		32,000,000	CNY		5,021,258
2.36%, 8/18/21, Reg S		43,000,000	CNY		6,639,612
3.10%, 6/29/22		36,500,000	CNY		5,895,179
3.16%, 6/27/23		20,000,000	CNY		3,218,178

Total China					25,918,517

Colombia - 3.0%
Colombia Government International Bond 7.75%, 4/14/21		14,180,000,000	COP		7,243,757
Colombian TES
7.00%, 5/4/22, Series B		11,000,000,000	COP		5,175,356
10.00%, 7/24/24, Series B		8,000,000,000	COP		4,491,477
6.00%, 4/28/28, Series B		8,000,000,000	COP		3,308,763

Total Colombia					20,219,353

Indonesia - 5.6%
Indonesia Treasury Bond
10.00%, 7/15/17, Series FR28		32,504,000,000	IDR		2,822,995
11.00%, 11/15/20, Series FR31		76,631,000,000	IDR		7,273,038
8.25%, 7/15/21, Series FR53		103,330,000,000	IDR		8,708,423
8.38%, 9/15/26, Series FR56		143,231,000,000	IDR		12,112,749
8.25%, 6/15/32, Series FR58		79,880,000,000	IDR		6,602,667
8.75%, 2/15/44, Series FR67		7,880,000,000	IDR		668,108

Total Indonesia					38,187,980

Malaysia - 10.6%
Malaysia Government Bond
3.84%, 8/12/15, Series 0110		16,093,000	MYR		4,771,535
3.81%, 2/15/17, Series 0207		7,349,000	MYR		2,186,650
4.01%, 9/15/17, Series 0210		16,848,000	MYR		5,029,187
3.31%, 10/31/17, Series 0512		8,354,000	MYR		2,446,345
4.38%, 11/29/19, Series 0902		69,337,000	MYR		21,113,931
4.16%, 7/15/21, Series 0111		4,708,000	MYR		1,424,626
3.42%, 8/15/22, Series 0112		77,518,000	MYR		22,317,621
4.39%, 4/15/26, Series 0311		41,823,000	MYR		12,800,323

Total Malaysia					72,090,218

Mexico - 10.2%
Mexican Bonos
7.25%, 12/15/16, Series M 10		24,450,000	MXN		1,885,724
7.75%, 12/14/17, Series M 10		118,232,000	MXN		9,377,336
4.75%, 6/14/18, Series M		60,000,000	MXN		4,359,605
8.50%, 12/13/18, Series M 10		50,722,000	MXN		4,174,499
6.50%, 6/10/21, Series M		160,116,000	MXN		12,265,152
6.50%, 6/9/22, Series M		65,282,000	MXN		4,970,581
10.00%, 12/5/24, Series M 20		82,682,000	MXN		7,850,131
7.50%, 6/3/27, Series M 20		60,000,000	MXN		4,838,530
7.75%, 5/29/31, Series M		71,783,000	MXN		5,851,210
10.00%, 11/20/36, Series M 30		19,178,000	MXN		1,915,678
8.50%, 11/18/38, Series M 30		94,326,000	MXN		8,267,130
7.75%, 11/13/42, Series M		50,542,000	MXN		4,115,498

Total Mexico					69,871,074

Peru - 3.7%
Peruvian Government International Bond
8.60%, 8/12/17, Reg S		5,928,000	PEN		2,286,655
7.84%, 8/12/20, Reg S		30,939,000	PEN		12,264,885
8.20%, 8/12/26, Reg S		4,330,000	PEN		1,816,997
6.95%, 8/12/31, Reg S		18,631,000	PEN		6,873,987
6.90%, 8/12/37, Reg S		5,325,000	PEN		1,933,733

Total Peru					25,176,257

See Notes to Schedule of Investments.

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets Local Debt Fund (ELD)

November 30, 2014


Investments	Principal Amount			Value
Philippines - 3.6%
Philippine Government Bond 7.63%, 9/29/36, Series 25-9		232,400,000	PHP	$	7,267,410
Philippine Government International Bond
4.95%, 1/15/21		624,000,000	PHP		14,600,808
3.90%, 11/26/22		125,000,000	PHP		2,742,582

Total Philippines					24,610,800

Poland - 10.9%
Poland Government Bond
5.50%, 4/25/15, Series 0415		1,776,000	PLN		537,311
4.75%, 4/25/17, Series 0417		23,394,000	PLN		7,458,243
3.75%, 4/25/18, Series 0418		39,971,000	PLN		12,649,449
5.50%, 10/25/19, Series 1019		43,542,000	PLN		15,101,847
5.25%, 10/25/20, Series 1020		18,226,000	PLN		6,397,796
5.75%, 10/25/21, Series 1021		23,500,000	PLN		8,636,316
5.75%, 9/23/22, Series 0922		22,059,000	PLN		8,243,809
4.00%, 10/25/23, Series 1023		34,960,000	PLN		11,882,449
5.75%, 4/25/29, Series 0429		7,500,000	PLN		3,091,057

Total Poland					73,998,277

Romania - 3.6%
Romania Government Bond
5.75%, 1/27/16, Series 4YR		21,950,000	RON		6,486,441
5.90%, 7/26/17, Series 5Y		33,800,000	RON		10,421,338
5.85%, 4/26/23, Series 10Y		24,360,000	RON		7,994,530

Total Romania					24,902,309

Russia - 4.0%
Russian Federal Bond - OFZ
7.35%, 1/20/16, Series 5077		386,563,000	RUB		7,594,911
6.80%, 12/11/19, Series 6210		357,209,000	RUB		6,252,827
7.60%, 4/14/21, Series 6205		250,000,000	RUB		4,409,015
7.60%, 7/20/22, Series 6209		242,495,000	RUB		4,195,780
8.15%, 2/3/27, Series 6207		130,000,000	RUB		2,250,645
7.05%, 1/19/28, Series 6212		178,667,000	RUB		2,769,975

Total Russia					27,473,153

South Africa - 4.2%
South Africa Government Bond
8.00%, 12/21/18, Series R204		29,698,000	ZAR		2,811,662
6.75%, 3/31/21, Series R208		19,717,000	ZAR		1,754,218
10.50%, 12/21/26, Series R186		10,207,000	ZAR		1,127,372
8.00%, 1/31/30, Series 2030		25,274,000	ZAR		2,285,947
7.00%, 2/28/31, Series R213		65,000,000	ZAR		5,322,209
6.25%, 3/31/36, Series R209		69,490,600	ZAR		5,027,933
6.50%, 2/28/41, Series R214		80,000,000	ZAR		5,810,130
8.75%, 2/28/48, Series 2048		50,000,000	ZAR		4,655,321

Total South Africa					28,794,792

South Korea - 4.5%
Korea Treasury Bond
4.25%, 6/10/21, Series 2106		5,348,130,000	KRW		5,375,215
3.38%, 9/10/23, Series 2309		10,354,880,000	KRW		9,969,779
3.50%, 3/10/24, Series 2403		10,338,230,000	KRW		10,060,466
4.00%, 12/10/31, Series 3112		5,000,000,000	KRW		5,268,243

Total South Korea					30,673,703

Thailand - 3.8%
Thailand Government Bond
3.13%, 12/11/15		143,360,000	THB		4,418,191
4.13%, 11/18/16		331,920,000	THB		10,512,185
3.88%, 6/13/19		47,622,000	THB		1,547,093
3.65%, 12/17/21		99,298,000	THB		3,217,207
3.63%, 6/16/23		173,710,000	THB		5,626,167
3.58%, 12/17/27		9,446,000	THB		299,892

Total Thailand					25,620,735

Turkey - 3.8%
Turkey Government Bond
9.00%, 1/27/16		10,788,000	TRY		4,958,266
8.30%, 6/20/18		13,618,000	TRY		6,311,170
10.50%, 1/15/20		6,136,000	TRY		3,123,213
9.50%, 1/12/22		6,968,000	TRY		3,457,129
7.10%, 3/8/23		18,340,000	TRY		7,961,865

Total Turkey					25,811,643

TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost: $708,733,240)					610,696,017

SUPRANATIONAL BONDS - 4.5%
European Investment Bank
6.75%, 9/15/17, Reg S		80,725,000	ZAR		7,347,104
9.00%, 12/21/18, Reg S		13,485,000	ZAR		1,310,550
7.50%, 1/30/19^(b)		80,000,000	ZAR		7,401,077
7.20%, 7/9/19, Reg S		124,200,000,000	IDR		10,240,394
International Bank for Reconstruction & Development
7.50%, 3/2/17		120,000,000	RUB		2,271,565
6.50%, 7/26/19		80,000,000	RUB		1,401,506
International Finance Corp.
4.68%, 1/30/17		24,600,000	RUB		438,496

TOTAL SUPRANATIONAL BONDS (Cost: $33,109,179)					30,410,692

REPURCHASE AGREEMENT - 0.6%

United States - 0.6%
Citigroup, Inc., tri-party repurchase agreement dated 11/28/14, 0.10% due 12/1/14; Proceeds at maturity - $4,000,033 (fully collateralized by U.S. Treasury Note, 0.63% due 9/30/2017 ; Market value - $4,080,070) (Cost: $4,000,000)	$	4,000,000			4,000,000

See Notes to Schedule of Investments.

Schedule of Investments (unaudited) (concluded)

WisdomTree Emerging Markets Local Debt Fund (ELD)

November 30, 2014


Investments	Shares		Value
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED - 0.0%

United States - 0.0%
State Street Navigator Securities Lending Prime Portfolio, 0.16%^(c) (Cost: $299,400)^(d)		299,400	$	299,400

TOTAL INVESTMENTS IN SECURITIES - 95.8% (Cost: $755,929,748)				652,689,545
Cash, Foreign Currency and Other Assets in Excess of Liabilities - 4.2%				28,529,584

NET ASSETS - 100.0%			$	681,219,129

Principal amount is reported in U.S. dollars, except for those denoted in the following currencies:



BRL	-	Brazilian real
CLP	-	Chilean peso
CNY	-	Chinese yuan
COP	-	Colombian peso
IDR	-	Indonesian rupiah
KRW	-	South Korean won
MXN	-	Mexican peso
MYR	-	Malaysian ringgit
PEN	-	Peruvian nuevo sol
PHP	-	Philippine peso
PLN	-	Polish zloty
RON	-	Romanian leu
RUB	-	Russian ruble
THB	-	Thai baht
TRY	-	Turkish new lira
ZAR	-	South African rand

^(a)	Represents a zero coupon bond. Rate shown reflects the effective yield as of November 30, 2014.

^(b)	Security, or portion thereof, was on loan at November 30, 2014 (See Note 2).

^(c)	Rate shown represents annualized 7-day yield as of November 30, 2014.

^(d)	At November 30, 2014, the total market value of the Fund’s securities on loan was $293,655 and the total market value of the collateral held by the Fund was $299,400.

Reg S -

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

WisdomTree Euro Debt Fund (EU)

November 30, 2014


Investments	Principal Amount			Value
FOREIGN GOVERNMENT AGENCIES - 6.6%

Germany - 6.6%
KFW
4.13%, 7/4/17		60,000	EUR	$	82,768
5.50%, 1/22/18, Series 213		45,000	EUR		65,708
Landwirtschaftliche Rentenbank 2.88%, 8/30/21, Reg S		100,000	EUR		144,994

TOTAL FOREIGN GOVERNMENT AGENCIES (Cost: $281,941)					293,470

FOREIGN GOVERNMENT OBLIGATIONS - 63.9%

Austria - 4.9%
Austria Government Bond
4.65%, 1/15/18, Reg S^(a)		45,000	EUR		64,233
3.90%, 7/15/20, Reg S^(a)		65,000	EUR		97,531
4.15%, 3/15/37, Reg S^(a)		30,000	EUR		55,576

Total Austria					217,340

Belgium - 9.6%
Belgium Government Bond
3.50%, 6/28/17, Series 63, Reg S^(a)		50,000	EUR		67,926
3.75%, 9/28/20, Series 58, Reg S^(a)		65,000	EUR		97,067
2.25%, 6/22/23, Series 68, Reg S		125,000	EUR		175,089
5.00%, 3/28/35, Series 44, Reg S^(a)		45,000	EUR		87,211

Total Belgium					427,293

Finland - 4.0%
Finland Government Bond
3.50%, 4/15/21, Reg S^(a)		70,000	EUR		104,495
4.00%, 7/4/25, Reg S^(a)		45,000	EUR		73,472

Total Finland					177,967

France - 16.1%
France Government Bond OAT
4.00%, 4/25/18		65,000	EUR		91,871
4.25%, 4/25/19		100,000	EUR		146,983
3.50%, 4/25/20		100,000	EUR		146,051
3.50%, 4/25/26		105,000	EUR		163,414
4.75%, 4/25/35		90,000	EUR		169,788

Total France					718,107

Germany - 13.5%
Bundesrepublik Deutschland
3.25%, 7/4/21		80,000	EUR		119,341
4.75%, 7/4/28, Series 98		176,000	EUR		322,884
4.75%, 7/4/34, Series 03		50,000	EUR		98,279
2.50%, 7/4/44		40,000	EUR		60,859

Total Germany					601,363

Luxembourg - 3.3%
Luxembourg Government Bond 3.38%, 5/18/20, Reg S		100,000	EUR		145,130

Netherlands - 9.6%
Netherlands Government Bond
4.50%, 7/15/17, Reg S^(a)		70,000	EUR		97,508
4.00%, 7/15/18, Reg S^(a)		60,000	EUR		85,492
3.50%, 7/15/20, Reg S^(a)		55,000	EUR		81,012
5.50%, 1/15/28		85,000	EUR		162,644

Total Netherlands					426,656

Sweden - 2.9%
Sweden Government International Bond 0.75%, 5/2/19, Reg S		100,000	EUR		127,894

TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost: $2,559,043)					2,841,750

SUPRANATIONAL BONDS - 27.7%
Council of Europe Development Bank 3.00%, 7/13/20		145,000	EUR		207,611
European Financial Stability Facility
2.75%, 7/18/16, Reg S		105,000	EUR		136,735
3.38%, 7/5/21, Reg S		45,000	EUR		66,660
European Investment Bank
2.88%, 7/15/16		105,000	EUR		136,981
3.00%, 10/14/33		50,000	EUR		77,519
European Stability Mechanism 2.13%, 11/20/23, Reg S		150,000	EUR		210,310
European Union 3.38%, 5/10/19, Reg S		140,000	EUR		199,590
International Bank for Reconstruction & Development 3.88%, 5/20/19		137,000	EUR		199,076

TOTAL SUPRANATIONAL BONDS (Cost: $1,133,315)					1,234,482

TOTAL INVESTMENTS IN SECURITIES - 98.2% (Cost: $3,974,299)					4,369,702
Cash, Foreign Currency and Other Assets in Excess of Liabilities - 1.8%					81,792

NET ASSETS - 100.0%				$	4,451,494

Principal amount is reported in U.S. dollars, except for those denoted in the following currency:

EUR - Euro

^(a)	This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers.

Reg S -

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

WisdomTree Japan Interest Rate Strategy Fund (JGBB) (consolidated)

November 30, 2014


Investments	Principal Amount		Value
U.S. GOVERNMENT OBLIGATIONS - 94.0%

U.S. Treasury Bills - 94.0%
U.S. Treasury Bills
0.02%, 12/4/14*^(a)	$	1,000,000	$	999,998
0.01%, 12/18/14*		1,000,000		999,996
0.01%, 1/8/15*^(a)		850,000		849,996
0.00%, 1/29/15*		1,000,000		999,992
0.01%, 2/12/15*		900,000		900,009

TOTAL U.S. GOVERNMENT OBLIGATIONS (Cost: $4,749,968)				4,749,991


	Shares
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED - 30.5%

United States - 30.5%
State Street Navigator Securities Lending Prime Portfolio, 0.16%^(b) (Cost: $1,544,280)^(c)		1,544,280		1,544,280

TOTAL INVESTMENTS IN SECURITIES - 124.5% (Cost: $6,294,248)				6,294,271
Liabilities in Excess of Cash and Other Assets - (24.5)%				(1,237,413	)

NET ASSETS - 100.0%			$	5,056,858

*	Interest rate shown reflects the discount rate at time of purchase.

^(a)	Security, or portion thereof, was on loan at November 30, 2014 (See Note 2).

^(b)	Rate shown represents annualized 7-day yield as of November 30, 2014.

^(c)	At November 30, 2014, the total market value of the Fund’s securities on loan was $1,513,989 and the total market value of the collateral held by the Fund was $1,544,280.

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

WisdomTree Strategic Corporate Bond Fund (CRDT)

November 30, 2014


Investments	Principal Amount			Value
U.S. GOVERNMENT OBLIGATIONS - 0.2%

U.S. Treasury Note - 0.2%
U.S. Treasury Note 0.88%, 4/15/17 (Cost: $10,004)	$	10,000		$	10,052

CORPORATE BONDS - 52.7%

United States - 52.7%
AbbVie, Inc. 1.75%, 11/6/17		60,000			60,363
American International Group, Inc. 5.85%, 1/16/18^(a)		110,000			124,073
Amgen, Inc. 3.63%, 5/22/24		150,000			151,720
Anadarko Petroleum Corp. 6.38%, 9/15/17		60,000			67,422
AT&T, Inc. 5.50%, 2/1/18		90,000			100,240
Bank of America Corp. 3.30%, 1/11/23^(a)		250,000			250,458
Calpine Corp. 7.88%, 1/15/23^(a)(b)		50,000			55,625
Caterpillar, Inc. 3.90%, 5/27/21^(a)		180,000			195,138
CCO Holdings LLC 6.63%, 1/31/22^(a)		30,000			32,025
Chrysler Group LLC 8.25%, 6/15/21^(a)		200,000			224,000
Citigroup, Inc. 4.50%, 1/14/22^(a)		170,000			186,121
Comcast Corp. 3.13%, 7/15/22^(a)		110,000			112,672
Foresight Energy LLC 7.88%, 8/15/21^(a)(b)		40,000			41,700
Freeport-McMoRan, Inc. 2.15%, 3/1/17		110,000			110,970
General Electric Capital Corp. 6.88%, 1/10/39		140,000			194,721
General Motors Co. 6.25%, 10/2/43		100,000			116,750
Goldman Sachs Group, Inc. (The) 5.75%, 1/24/22		190,000			220,196
Kraft Foods Group, Inc. 5.00%, 6/4/42		50,000			54,266
Lorillard Tobacco Co. 6.88%, 5/1/20		100,000			118,962
Mondelez International, Inc. 4.00%, 2/1/24^(a)		40,000			41,992
Pacific Gas & Electric Co. 6.05%, 3/1/34^(a)		120,000			151,231
Packaging Corp. of America 4.50%, 11/1/23		40,000			42,448
PepsiCo, Inc. 5.00%, 6/1/18		60,000			66,914
Reynolds Group Issuer, Inc. 9.00%, 4/15/19^(a)		100,000			104,750
Rock-Tenn Co. 4.45%, 3/1/19		250,000			267,668
Ryerson, Inc. 9.00%, 10/15/17		100,000			102,250
Samson Investment Co. 9.75%, 2/15/20^(a)		50,000			29,125
Sprint Communications, Inc. 7.00%, 8/15/20		30,000			30,900
Taylor Morrison Communities, Inc. 7.75%, 4/15/20^(b)		70,000			75,250
5.25%, 4/15/21^(a)(b)		30,000			30,300
Tenet Healthcare Corp. 8.00%, 8/1/20		50,000			53,250
Time Warner Cable, Inc. 5.00%, 2/1/20^(a)		100,000			111,998
United Technologies Corp. 3.10%, 6/1/22		180,000			184,809
Verizon Communications, Inc.
1.10%, 11/1/17		80,000			79,324
4.15%, 3/15/24		100,000			105,404
6.55%, 9/15/43^(a)		23,000			29,752
5.01%, 8/21/54^(a)(b)		21,000			21,963
Zayo Group LLC 8.13%, 1/1/20^(a)		30,000			32,138

TOTAL CORPORATE BONDS (Cost: $3,907,713)					3,978,888

FOREIGN CORPORATE BONDS - 39.1%

Australia - 1.5%
FMG Resources August 2006 Pty Ltd. 6.00%, 4/1/17^(a)(b)		120,000			114,375

Belgium - 2.1%
Anheuser-Busch InBev Worldwide, Inc. 5.38%, 1/15/20		140,000			159,963

Brazil - 2.8%
Petrobras International Finance Co. 5.38%, 1/27/21^(a)		100,000			100,068
Vale Overseas Ltd. 4.38%, 1/11/22^(a)		110,000			110,397

Total Brazil					210,465

Canada - 0.8%
Glencore Finance Canada Ltd. 3.60%, 1/15/17^(a)(b)		60,000			62,376

Colombia - 0.9%
Ecopetrol S.A. 7.63%, 7/23/19^(a)		60,000			71,550

France - 3.8%
Electricite de France 4.63%, 9/11/24		50,000	EUR		80,144
Numericable-SFR 6.00%, 5/15/22^(b)	$	200,000			203,404

Total France					283,548

See Notes to Schedule of Investments.

Schedule of Investments (unaudited) (concluded)

WisdomTree Strategic Corporate Bond Fund (CRDT)

November 30, 2014


Investments	Principal Amount			Value
Germany - 2.8%
E.ON International Finance B.V. 5.50%, 10/2/17		50,000	EUR	$	71,207
Volkswagen Leasing GmbH 3.25%, 5/10/18		100,000	EUR		137,088

Total Germany					208,295

Italy - 3.0%
Intesa Sanpaolo SpA 5.02%, 6/26/24^(a)(b)	$	230,000			229,616

Luxembourg - 0.4%
Intelsat Jackson Holdings S.A. 7.25%, 10/15/20^(a)		30,000			31,912

Mexico - 1.5%
Petroleos Mexicanos 5.50%, 1/21/21^(a)		100,000			111,375

Netherlands - 3.9%
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA 5.75%, 12/1/43		250,000			294,719

Russia - 2.7%
Gazprom OAO via Gaz Capital S.A. 4.95%, 5/23/16, Reg S		200,000			200,384

United Kingdom - 12.9%
Barclays Bank PLC 7.63%, 11/21/22		200,000			221,125
BP Capital Markets PLC 2.24%, 5/10/19^(a)		150,000			151,141
HSBC Bank PLC 3.88%, 10/24/18, Reg S		160,000	EUR		226,516
Rio Tinto Finance USA PLC 4.13%, 8/21/42^(a)	$	40,000			37,076
Royal Bank of Scotland Group PLC 6.13%, 12/15/22^(a)		210,000			229,992
Tesco PLC 6.13%, 2/24/22		60,000	GBP		105,671

Total United Kingdom					971,521

TOTAL FOREIGN CORPORATE BONDS (Cost: $2,917,988)					2,950,099


	Shares
PREFERRED STOCK - 2.4%

United States - 2.4%
GMAC Capital Trust I 8.13%, 2/15/40, Series 2^(c) (Cost: $180,839)		6,934			183,335

INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED - 23.9%

United States - 23.9%
State Street Navigator Securities Lending Prime Portfolio, 0.16%^(d) (Cost: $1,802,223)^(e)		1,802,223			1,802,223

TOTAL INVESTMENTS IN SECURITIES - 118.3% (Cost: $8,818,767)					8,924,597
Liabilities in Excess of Cash, Foreign Currency and Other Assets - (18.3)%					(1,378,031	)

NET ASSETS - 100.0%				$	7,546,566

Principal amount is reported in U.S. dollars, except for those denoted in the following currencies:

EUR

- Euro

GBP	- British pound

^(a)	Security, or portion thereof, was on loan at November 30, 2014 (See Note 2).

^(b)	This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers.

^(c)	Rate shown reflects the current rate on securities with variable or step rates.

^(d)	Rate shown represents annualized 7-day yield as of November 30, 2014.

^(e)	At November 30, 2014, the total market value of the Fund’s securities on loan was $1,972,474 and the total market value of the collateral held by the Fund was $2,013,723. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $211,500.

Reg S -

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

WisdomTree Global Real Return Fund (RRF) (consolidated)

November 30, 2014


Investments	Principal Amount			Value
U.S. GOVERNMENT OBLIGATIONS - 28.3%

U.S. Treasury Bonds - 19.0%
U.S. Treasury Inflation Indexed Bond
2.38%, 1/15/25	$	227,295		$	270,197
3.38%, 4/15/32^(a)		335,248			477,832
0.63%, 2/15/43		103,529			95,724

Total U.S. Treasury Bonds					843,753

U.S. Treasury Notes - 9.3%
U.S. Treasury Inflation Indexed Note
2.13%, 1/15/19		133,037			145,530
0.63%, 1/15/24		265,231			270,266

Total U.S. Treasury Notes					415,796

TOTAL U.S. GOVERNMENT OBLIGATIONS (Cost: $1,230,505)					1,259,549

CORPORATE BONDS - 3.7%

United States - 3.7%
Samson Investment Co. 9.75%, 2/15/20^(a)		100,000			58,250
Sprint Corp. 7.88%, 9/15/23		100,000			105,250

TOTAL CORPORATE BONDS (Cost: $209,095)					163,500

FOREIGN CORPORATE BONDS - 9.2%

Australia - 2.0%
FMG Resources August 2006 Pty Ltd. 6.88%, 4/1/22^(a)(b)		100,000			89,875

Brazil - 2.3%
Vale Overseas Ltd. 4.38%, 1/11/22^(a)		100,000			100,361

Colombia - 2.4%
Ecopetrol S.A. 5.88%, 9/18/23^(a)		100,000			109,250

Mexico - 2.5%
America Movil S.A.B. de C.V. 5.00%, 3/30/20^(a)		100,000			111,446

TOTAL FOREIGN CORPORATE BONDS (Cost: $409,038)					410,932

FOREIGN GOVERNMENT OBLIGATIONS - 33.7%

Australia - 3.7%
Australia Inflation Linked Bond 4.00%, 8/20/20, Series 20CI		102,000	AUD		166,571

Brazil - 1.0%
Brazil Notas do Tesouro Nacional Inflation Linked Bond 6.00%, 8/15/22, Series B		45,000	BRL		44,413

Canada - 4.1%
Canadian Government Inflation Linked Bond
4.25%, 12/1/26		78,779	CAD		101,413
3.00%, 12/1/36		61,072	CAD		81,177

Total Canada					182,590

France - 1.9%
France Government Inflation Linked Bond 1.60%, 7/25/15, Series OATe		65,857	EUR		83,092

Mexico - 4.9%
Mexican Udibonos Inflation Linked Bond
4.00%, 6/13/19, Series S		1,360,887	MXN		108,324
4.50%, 12/4/25, Series S		1,308,545	MXN		111,691

Total Mexico					220,015

South Africa - 4.2%
South Africa Inflation Linked Bond
2.50%, 1/31/17, Series R211		954,953	ZAR		89,553
5.50%, 12/7/23, Series R197		821,450	ZAR		98,255

Total South Africa					187,808

Sweden - 4.2%
Sweden Inflation Linked Bond 4.00%, 12/1/20, Series 3102		840,000	SEK		184,465

Turkey - 4.1%
Turkey Government Inflation Linked Bond
4.50%, 2/11/15		150,075	TRY		68,705
4.00%, 4/1/20		222,632	TRY		114,675

Total Turkey					183,380

United Kingdom - 5.6%
United Kingdom Inflation Linked Gilt
1.25%, 11/22/27, Reg S		66,364	GBP		132,999
1.25%, 11/22/32, Reg S		53,383	GBP		115,402

Total United Kingdom					248,401

TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost: $1,669,138)					1,500,735


	Shares
EXCHANGE-TRADED FUNDS - 8.5%

United States - 8.5%
WisdomTree Emerging Markets Equity Income Fund^(c)		500			22,860
WisdomTree Equity Income Fund^(a)(c)		3,595			223,241
WisdomTree Global Natural Resources Fund^(c)		7,500			133,200

TOTAL EXCHANGE-TRADED FUNDS (Cost: $378,036)					379,301

See Notes to Schedule of Investments.

Schedule of Investments (unaudited) (concluded)

WisdomTree Global Real Return Fund (RRF) (consolidated)

November 30, 2014


Investments	Shares		Value
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED - 25.1%

United States - 25.1%
State Street Navigator Securities Lending Prime Portfolio, 0.16%^(d) (Cost: $1,116,425)^(e)		1,116,425	$	1,116,425

TOTAL INVESTMENTS IN SECURITIES - 108.5% (Cost: $5,012,237)				4,830,442
Liabilities in Excess of Cash, Foreign Currency and Other Assets - (8.5)%				(379,548	)

NET ASSETS - 100.0%			$	4,450,894

Principal amount is reported in U.S. dollars, except for those denoted in the following currencies:

AUD	- Australian dollar

BRL	- Brazilian real

CAD	- Canadian dollar

EUR

- Euro

GBP	- British pound

MXN	- Mexican peso

SEK	- Swedish krona

TRY	- Turkish new lira

ZAR	- South African rand

^(a)	Security, or portion thereof, was on loan at November 30, 2014 (See Note 2).

^(b)	This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers.

^(c)	Affiliated company (See Note 4).

^(d)	Rate shown represents annualized 7-day yield as of November 30, 2014.

^(e)	At November 30, 2014, the total market value of the Fund’s securities on loan was $1,093,968 and the total market value of the collateral held by the Fund was $1,116,425.

Reg S -

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

WisdomTree Managed Futures Strategy Fund (WDTI) (consolidated)

November 30, 2014


Investments	Principal Amount		Value
U.S. GOVERNMENT OBLIGATIONS - 81.0%

U.S. Treasury Bills - 81.0%
0.02%, 12/11/14^*(a)(b)	$	43,945,000	$	43,944,981
0.02%, 12/18/14^*(b)		107,600,000		107,599,028
0.01%, 1/2/15^*		5,300,000		5,299,941
0.00%, 1/22/15^*		3,000,000		2,999,989
0.01%, 3/12/15^*(a)		400,000		399,981

TOTAL U.S. GOVERNMENT OBLIGATIONS (Cost: $160,243,921)				160,243,920


	Shares
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED - 27.3%

United States - 27.3%
State Street Navigator Securities Lending Prime Portfolio, 0.16%^(c) (Cost: $54,093,660)^(d)		54,093,660		54,093,660

TOTAL INVESTMENTS IN SECURITIES - 108.3% (Cost: $214,337,581)				214,337,580
Liabilities in Excess of Cash and Other Assets - (8.3)%				(16,461,098	)

NET ASSETS - 100.0%			$	197,876,482

*	Interest rate shown reflects the discount rate at time of purchase.

^(a)	All or a portion of this security is held by the broker as collateral for open futures contracts.

^(b)	Security, or portion thereof, was on loan at November 30, 2014 (See Note 2).

^(c)	Rate shown represents annualized 7-day yield as of November 30, 2014.

^(d)	At November 30, 2014, the total market value of the Fund’s securities on loan was $53,032,442 and the total market value of the collateral held by the Fund was $54,093,660.

See Notes to Schedule of Investments.

Notes to Schedule of Investments (unaudited)

1. ORGANIZATION

WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005. As of November 30, 2014, the Trust offered 69 investment funds (each a “Fund”, collectively, the “Funds”). In accordance with ASU 2013-08, each Fund qualifies as an investment company and is applying the accounting and reporting guidance for investment companies. These notes relate only to the Funds listed in the table below:


Fund		Commencement of Operations
WisdomTree Bloomberg U.S. Dollar Bullish Fund (“U.S. Dollar Bullish Fund”)		December 18, 2013
WisdomTree Brazilian Real Strategy Fund (“Brazilian Real Strategy Fund”)		May 14, 2008
WisdomTree Chinese Yuan Strategy Fund (“Chinese Yuan Strategy Fund”)		May 14, 2008
WisdomTree Commodity Currency Strategy Fund (“Commodity Currency Strategy Fund”)		September 24, 2010
WisdomTree Emerging Currency Strategy Fund (“Emerging Currency Strategy Fund”)		May 6, 2009
WisdomTree Indian Rupee Strategy Fund (“Indian Rupee Strategy Fund”)		May 14, 2008
WisdomTree Asia Local Debt Fund (“Asia Local Debt Fund”)		March 17, 2011
WisdomTree Australia & New Zealand Debt Fund (“Australia & New Zealand Debt Fund”)		June 25, 2008
WisdomTree Barclays U.S. Aggregate Bond Negative Duration Fund (“U.S. Aggregate Bond Negative Duration Fund”)		December 18, 2013
WisdomTree Barclays U.S. Aggregate Bond Zero Duration Fund (“U.S. Aggregate Bond Zero Duration Fund”)		December 18, 2013
WisdomTree Bloomberg Floating Rate Treasury Fund (“Floating Rate Treasury Fund”)		February 4, 2014
WisdomTree BofA Merrill Lynch High Yield Bond Negative Duration Fund (“High Yield Bond Negative Duration Fund”)		December 18, 2013
WisdomTree BofA Merrill Lynch High Yield Bond Zero Duration Fund (“High Yield Bond Zero Duration Fund”)		December 18, 2013
WisdomTree Emerging Markets Corporate Bond Fund (“Emerging Markets Corporate Bond Fund”)		March 8, 2012
WisdomTree Emerging Markets Local Debt Fund (“Emerging Markets Local Debt Fund”)		August 9, 2010
WisdomTree Euro Debt Fund (“Euro Debt Fund”)		May 14, 2008
WisdomTree Japan Interest Rate Strategy Fund (“Japan Interest Rate Strategy Fund”) (consolidated)		December 18, 2013
WisdomTree Strategic Corporate Bond Fund (“Strategic Corporate Bond Fund”)		January 31, 2013
WisdomTree Global Real Return Fund (“Global Real Return Fund”) (consolidated)		July 14, 2011
WisdomTree Managed Futures Strategy Fund (“Managed Futures Strategy Fund”) (consolidated)		January 5, 2011

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.

Consolidation of Subsidiaries

The schedule of investments of the Managed Futures Strategy Fund and Global Real Return Fund (each an “Alternative Fund”) and Japan Interest Rate Strategy Fund, each include the investments of a wholly-owned and controlled Cayman Islands subsidiary (each, a “Subsidiary”). For each Alternative Fund and Japan Interest Rate Strategy Fund, the accompanying schedules of investments reflect the investments on a consolidated basis with its respective Subsidiary. All intercompany accounts and transactions have been eliminated in consolidation. Each Alternative Fund seeks to gain exposure to commodity markets, in whole or in part, through investments in its Subsidiary. The Japan Interest Rate Strategy Fund seeks to gain short exposure to Japanese government bonds, in whole or in part, through investments in its Subsidiary. Each Alternative Fund’s and Japan Interest Rate Strategy Fund’s investment in its Subsidiary may not exceed 25% of each respective Alternative Fund’s and Japan Interest Rate Strategy Fund’s total assets at the end of each fiscal quarter in order to meet the requirements for qualification as a regulated investment company under the Internal Revenue Code of 1986, as amended.

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:

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. Fixed income securities (including TBAs) generally are valued at current market quotations or mean prices obtained from broker-dealers or independent pricing service providers. Broker-dealers or independent pricing service providers, in determining the value of securities may consider such factors as recent transactions, indications from broker-dealers yields and quoted prices on similar securities, and market sentiment for the type of security. U.S. fixed income assets may be valued as of the announced closing time for such securities on any day that the Securities Industry and Financial Markets Association announces an early closing time. Except for U.S. Dollar Bullish Fund, forward foreign currency contracts are valued daily using WM/Reuters closing spot and forward rates as of 4:00 p.m. London time. U.S. Dollar Bullish Fund uses WM/Reuters closing spot and forward rates as of 4:00 p.m. New York time to value forward foreign currency contracts. For the Chinese Yuan Strategy Fund, Emerging Currency Strategy Fund, Indian Rupee Strategy Fund, Asia Local Debt Fund, Emerging Markets Corporate Bond Fund, Emerging Markets Local Debt Fund, and the Strategic Corporate Bond Fund, Tullett Prebon closing spot and forward rates as of 2:00 p.m. Singapore time are used to value forward foreign currency contracts in the following Asian currencies: Chinese renminbi, Chinese Yuan, Hong Kong dollar, Indian Rupee, Indonesian rupiah, Malaysian ringgit, Philippine peso, Singapore dollar, South Korean won, Taiwan dollar, and the Thai baht. Futures contracts generally are valued at the settlement price on the primary exchange on which they trade. Swap contracts are generally marked to market daily based upon values from independent pricing service providers or quotations from broker-dealers to the extent available. Equity securities (including preferred stock) 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 (including preferred stock) 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 debt securities with remaining maturities of 60 days or less generally are valued on the basis of amortized cost 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 and derivatives will be fair valued in accordance with the Fund’s pricing policy. The Board of Trustees of the Trust has established a pricing committee (the “Pricing Committee”) which is comprised of senior representatives of WisdomTree Asset Management, Inc. (“WTAM”) and which reports to the Board of Trustees on a quarterly basis. In the event that a financial instrument cannot be valued based upon a price from a national securities exchange, independent pricing service provider or broker-dealer 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 market 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 instruments derive their value from underlying asset prices, indices, reference rates, and other inputs or a combination of these factors. These instruments 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 instruments 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 valuation techniques and observable inputs as described above and have an appropriate level of market activity are categorized as Level 2 of the fair value hierarchy otherwise a Level 3 fair value classification is appropriate.

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 the methodologies used to value 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 November 30, 2014 in valuing each Fund’s assets:


U.S. Dollar Bullish Fund	Level 1		Level 2			Level 3
U.S. Government Obligations	$	—	$	217,698,616		$	—
Investment of Cash Collateral for Securities Loaned		—		21,865,740			—

Total	$	—	$	239,564,356		$	—

Unrealized Appreciation on Forward Foreign Currency Contracts		—		4,165,502			—
Unrealized Depreciation on Forward Foreign Currency Contracts		—		(161,001	)		—

Total - Net	$	—	$	243,568,857		$	—


Brazilian Real Strategy Fund	Level 1		Level 2			Level 3
U.S. Government Obligations	$	—	$	2,349,997		$	—
Investment of Cash Collateral for Securities Loaned		—		2,397,000			—

Total	$	—	$	4,746,997		$	—

Unrealized Appreciation on Forward Foreign Currency Contracts		—		593,779			—
Unrealized Depreciation on Forward Foreign Currency Contracts		—		(2,694,743	)		—

Total - Net	$	—	$	2,646,033		$	—


Chinese Yuan Strategy Fund	Level 1		Level 2			Level 3
U.S. Government Obligations	$	—	$	83,857,808		$	—
Time Deposits		—		28,575,604			—
Repurchase Agreement		—		28,880,000			—
Investment of Cash Collateral for Securities Loaned		—		43,668,240			—

Total	$	—	$	184,981,652		$	—

Unrealized Appreciation on Forward Foreign Currency Contracts		—		517,225			—
Unrealized Depreciation on Forward Foreign Currency Contracts		—		(39,080	)		—

Total - Net	$	—	$	185,459,797		$	—


Commodity Currency Strategy Fund	Level 1		Level 2			Level 3
U.S. Government Obligations	$	—	$	7,599,939		$	—
Repurchase Agreement		—		2,985,000			—
Investment of Cash Collateral for Securities Loaned		—		11,220			—

Total	$	—	$	10,596,159		$	—

Unrealized Appreciation on Forward Foreign Currency Contracts		—		184,714			—
Unrealized Depreciation on Forward Foreign Currency Contracts		—		(1,091,772	)		—

Total - Net	$	—	$	9,689,101		$	—


Emerging Currency Strategy Fund	Level 1			Level 2			Level 3
U.S. Government Obligations	$	—		$	64,285,837		$	—
Repurchase Agreement		—			22,005,000			—
Investment of Cash Collateral for Securities Loaned		—			26,196,660			—

Total	$	—		$	112,487,497		$	—

Unrealized Appreciation on Forward Foreign Currency Contracts		—			189,869			—
Unrealized Depreciation on Forward Foreign Currency Contracts		—			(2,931,808	)		—

Total - Net	$	—		$	109,745,558		$	—


Indian Rupee Strategy Fund	Level 1			Level 2			Level 3
U.S. Government Obligations	$	—		$	17,222,904		$	—
Repurchase Agreement		—			6,090,000			—
Investment of Cash Collateral for Securities Loaned		—			2,522,460			—

Total	$	—		$	25,835,364		$	—

Unrealized Depreciation on Forward Foreign Currency Contracts		—			(115,813	)		—

Total - Net	$	—		$	25,719,551		$	—


Asia Local Debt Fund	Level 1			Level 2			Level 3
Foreign Corporate Bonds	$	—		$	5,706,884		$	—
Foreign Government Agencies		—			26,376,008			—
Foreign Government Obligations		—			185,621,264			—
Supranational Bonds		—			38,845,739			—
Repurchase Agreement		—			33,300,000			—

Total	$	—		$	289,849,895		$	—

Unrealized Appreciation on Forward Foreign Currency Contracts		—			299,345			—
Unrealized Depreciation on Forward Foreign Currency Contracts		—			(1,923,559	)		—

Total - Net	$	—		$	288,225,681		$	—


Australia & New Zealand Debt Fund	Level 1			Level 2			Level 3
Foreign Government Agencies	$	—		$	14,606,560		$	—
Foreign Government Obligations		—			10,590,574			—
Supranational Bonds		—			5,801,912			—

Total	$	—		$	30,999,046		$	—


U.S. Aggregate Bond Negative Duration Fund	Level 1			Level 2			Level 3
U.S. Government Agencies	$	—		$	11,419,369		$	—
U.S. Government Obligations		—			8,894,616			—
Corporate Bonds		—			7,474,598			—
Foreign Corporate Bonds		—			971,111			—
Foreign Government Obligations		—			591,240			—
Supranational Bond		—			595,814			—
Commercial Mortgage-Backed Securities		—			1,160,329			—
Municipal Bond		—			227,817			—
Investment of Cash Collateral for Securities Loaned		—			3,869,674			—

Total	$	—		$	35,204,568		$	—

Unrealized Depreciation on Futures Contracts		(406,829	)		—			—

Total - Net	$	(406,829	)	$	35,204,568		$	—


U.S. Aggregate Bond Zero Duration Fund	Level 1			Level 2			Level 3
U.S. Government Agencies	$	—		$	23,002,445		$	—
U.S. Government Obligations		—			19,087,559			—
Corporate Bonds		—			14,032,915			—
Foreign Corporate Bonds		—			2,293,559			—
Foreign Government Obligations		—			1,133,725			—
Supranational Bond		—			933,068			—
Commercial Mortgage-Backed Securities		—			2,135,830			—
Municipal Bond		—			394,883			—
Investment of Cash Collateral for Securities Loaned		—			5,581,554			—

Total	$	—		$	68,595,538		$	—

Unrealized Depreciation on Futures Contracts		(395,079	)		—			—

Total - Net	$	(395,079	)	$	68,595,538		$	—


Floating Rate Treasury Fund	Level 1			Level 2			Level 3
U.S. Government Obligations	$	—		$	2,496,085		$	—
Investment of Cash Collateral for Securities Loaned		—			275,400			—

Total	$	—		$	2,771,485		$	—


High Yield Bond Negative Duration Fund	Level 1			Level 2			Level 3
Corporate Bonds	$	—		$	9,348,982		$	—
Foreign Corporate Bonds		—			796,035			—
Investment of Cash Collateral for Securities Loaned		—			3,042,740			—

Total	$	—		$	13,187,757		$	—

Unrealized Depreciation on Futures Contracts		(114,799	)		—			—

Total - Net	$	(114,799	)	$	13,187,757		$	—


High Yield Bond Zero Duration Fund	Level 1			Level 2			Level 3
Corporate Bonds	$	—		$	20,479,857		$	—
Foreign Corporate Bonds		—			2,395,762			—
Investment of Cash Collateral for Securities Loaned		—			7,247,770			—

Total	$	—		$	30,123,389		$	—

Unrealized Depreciation on Futures Contracts		(48,688	)		—			—

Total - Net	$	(48,688	)	$	30,123,389		$	—


Emerging Markets Corporate Bond Fund	Level 1			Level 2			Level 3
Foreign Corporate Bonds	$	—		$	105,285,604		$	—
Foreign Government Agencies		—			3,781,030			—
Supranational Bonds		—			1,129,245			—
Investment of Cash Collateral for Securities Loaned		—			32,308,235			—

Total	$	—		$	142,504,114		$	—


Emerging Markets Local Debt Fund	Level 1			Level 2			Level 3
Foreign Government Agencies	$	—		$	7,283,436		$	—
Foreign Government Obligations		—			610,696,017			—
Supranational Bonds		—			30,410,692			—
Repurchase Agreement		—			4,000,000			—
Investment of Cash Collateral for Securities Loaned		—			299,400			—

Total	$	—		$	652,689,545		$	—

Unrealized Appreciation on Forward Foreign Currency Contracts		—			12,166			—
Unrealized Depreciation on Forward Foreign Currency Contracts		—			(1,266,238	)		—

Total - Net	$	—		$	651,435,473		$	—


Euro Debt Fund	Level 1			Level 2			Level 3
Foreign Government Agencies	$	—		$	293,470		$	—
Foreign Government Obligations		—			2,841,750			—
Supranational Bonds		—			1,234,482			—

Total	$	—		$	4,369,702		$	—


Japan Interest Rate Strategy Fund (consolidated)	Level 1			Level 2			Level 3
U.S. Government Obligations	$	—		$	4,749,991		$	—
Investment of Cash Collateral for Securities Loaned		—			1,544,280			—

Total	$	—		$	6,294,271		$	—

Unrealized Appreciation on Forward Foreign Currency Contracts		—			80,906			—
Unrealized Depreciation on Forward Foreign Currency Contracts		—			(796	)		—
Unrealized Depreciation on Futures Contracts		(38,505	)		—			—

Total - Net	$	(38,505	)	$	6,374,381		$	—


Strategic Corporate Bond Fund	Level 1			Level 2			Level 3
U.S. Government Obligations	$	—		$	10,052		$	—
Corporate Bonds		—			3,978,888			—
Foreign Corporate Bonds		—			2,950,099			—
Preferred Stock		183,335			—			—
Investment of Cash Collateral for Securities Loaned		—			1,802,223			—

Total	$	183,335		$	8,741,262		$	—

Unrealized Appreciation on Forward Foreign Currency Contracts		—			2,105			—

Total - Net	$	183,335		$	8,743,367		$	—



Global Real Return Fund (consolidated)	Level 1			Level 2			Level 3
U.S. Government Obligations	$	—		$	1,259,549		$	—
Corporate Bonds		—			163,500			—
Foreign Corporate Bonds		—			410,932			—
Foreign Government Obligations		—			1,500,735			—
Exchange-Traded Funds		379,301			—			—
Investment of Cash Collateral for Securities Loaned		—			1,116,425			—

Total	$	379,301		$	4,451,141		$	—

Unrealized Appreciation on Forward Foreign Currency Contracts		—			16,787			—
Unrealized Depreciation on Forward Foreign Currency Contracts		—			(12,833	)		—
Unrealized Depreciation on Futures Contracts		(24,349	)		—			—

Total - Net	$	354,952		$	4,455,095		$	—


Managed Futures Strategy Fund (consolidated)	Level 1			Level 2			Level 3
U.S. Government Obligations	$	—		$	160,243,920		$	—
Investment of Cash Collateral for Securities Loaned		—			54,093,660			—

Total	$	—		$	214,337,580		$	—

Unrealized Appreciation on Forward Foreign Currency Contracts		—			3,442,803			—
Unrealized Depreciation on Forward Foreign Currency Contracts		—			(9,184	)		—
Unrealized Appreciation on Swap Contracts		—			739,182			—
Unrealized Appreciation on Futures Contracts		1,488,345			—			—
Unrealized Depreciation on Futures Contracts		(22,126	)		—			—

Total - Net	$	1,466,219		$	218,510,381		$	—

There were no Level 3 securities at or during the period ended November 30, 2014.

There were no transfers into or out of any fair value measurement levels during the period ended November 30, 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 have invested in derivatives, specifically forward foreign currency contracts, swaps contracts and futures contracts for the period ended November 30, 2014 which are detailed in the tables herein. All of the derivative instruments disclosed and described herein are subject to credit risk. Credit risk is where the financial condition of an issuer of a security or instrument may cause it to default or become unable to pay interest or principal due on the security or where the counterparty to a derivative contract might default on its obligations. The Funds’ derivative agreements contain credit-risk related contingent features which include, but are not limited to, a percentage decline in the Funds’ NAV over a specified time period. If an event occurred at November 30, 2014 that triggered a contingent feature, the counterparty to the agreement may require the Funds to post additional collateral or terminate the derivative positions and demand payment. Any collateral posted with respect to the derivative positions would be used to offset or reduce the payment. The maximum exposure to derivatives agreements with credit-risk related contingent features would be the total value of derivatives in net liability positions for each Fund. At November 30, 2014 or for the period ended November 30, 2014, no event occurred that triggered a credit-risk-related contingent feature.

As of November 30, 2014, collateral for derivative instruments was as follows:


	Value of Collateral Posted						Value of Collateral Received
Fund	Cash		Securities		Total		Cash		Securities		Total
U.S. Dollar Bullish Fund	$	—	$	—	$	—	$	280,000	$	—	$	280,000
Chinese Yuan Strategy Fund		—		—		—		—		79,718		79,718
Emerging Currency Strategy Fund		780,000		—		780,000		—		—		—
Asia Local Debt Fund		430,000		—		430,000		—		—		—
U.S. Aggregate Bond Negative Duration Fund		600,000		—		600,000		—		—		—
U.S. Aggregate Bond Zero Duration Fund		700,001		—		700,001		—		—		—
High Yield Bond Negative Duration Fund		200,001		—		200,001		—		—		—
High Yield Bond Zero Duration Fund		120,001		—		120,001		—		—		—
Emerging Markets Local Debt Fund		700,000		—		700,000		—		—		—
Japan Interest Rate Strategy Fund (consolidated)		6,567		20,000		26,567		—		—		—
Global Real Return Fund (consolidated)		16,525		—		16,525		—		—		—
Managed Futures Strategy Fund (consolidated)		3,860,083		3,024,980		6,885,063		—		—		—

During the period ended November 30, 2014, the volume of derivative activity (based on the average of month-end balances) for the Funds was as follows:


	Average Notional						Average Market Value
Fund	Forward foreign currency contracts (to deliver)		Forward foreign currency contracts (to receive)		Swap contracts		Futures contracts (long)		Futures contracts (short)
U.S. Dollar Bullish Fund
Foreign exchange contracts	$	117,433,056	$	241,317,305	$	—	$	—	$	—
Brazilian Real Strategy Fund
Foreign exchange contracts		43,958,621		13,898,485		—		—		—
Chinese Yuan Strategy Fund
Foreign exchange contracts		132,124,672		15,815,332		—		—		—
Commodity Currency Strategy Fund
Foreign exchange contracts		15,040,805		3,514,420		—		—		—
Emerging Currency Strategy Fund
Foreign exchange contracts		127,027,306		34,252,399		—		—		—
Indian Rupee Strategy Fund
Foreign exchange contracts		32,686,763		7,996,164		—		—		—
Asia Local Debt Fund
Foreign exchange contracts		48,534,729		9,668,963		—		—		—
Australia & New Zealand Debt Fund
Foreign exchange contracts		—		1,100		—		—		—
U.S. Aggregate Bond Negative Duration Fund
Interest rate contracts		—		—		—		—		22,863,709
U.S. Aggregate Bond Zero Duration Fund
Interest rate contracts		—		—		—		—		44,306,497
High Yield Bond Negative Duration Fund
Interest rate contracts		—		—		—		—		9,629,856
High Yield Bond Zero Duration Fund
Interest rate contracts		—		—		—		—		19,573,153
Emerging Markets Local Debt Fund
Foreign exchange contracts		20,254,798		537,683		—		—		—
Japan Interest Rate Strategy Fund (consolidated)
Foreign exchange contracts		1,441,370		2,967,733		—		—		—
Interest rate contracts		—		—		—		—		4,873,324
Strategic Corporate Bond Fund
Foreign exchange contracts		—		661,760		—		—		—
Global Real Return Fund (consolidated)
Commodity contracts		—		—		—		327,952		16,231
Foreign exchange contracts		220,816		1,305,594		—		—		—
Managed Futures Strategy Fund (consolidated)
Commodity contracts		—		—		43,652,078		8,554,490		23,887,924
Foreign exchange contracts		18,007,312		45,572,322		—		1,569,988		47,908,396
Interest rate contracts		—		—		—		32,413,082		—

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. Interest income including amortization of premiums and discounts is accrued daily.

Foreign Currency Translation - The accounting records of the Funds, except for the Euro Debt Fund, are maintained in U.S. dollars. Foreign currencies, as well as investment securities and other assets and liabilities denominated in foreign currencies, are translated into U.S. dollars using exchange rates prevailing on the respective dates of such transactions that are deemed appropriate by WTAM.

The accounting records of the Euro Debt Fund are maintained in Euros, the Fund’s functional currency, while U.S. dollars is the reporting currency of the Fund. Foreign currencies, as well as investment securities and other assets and liabilities denominated in foreign currencies, are translated into U.S. dollars using the exchange rate at period end.

Repurchase Agreements - Each Fund’s custodian or a third party custodian under tri-party repurchase agreements may take possession of the collateral pledged for investments in repurchase agreements. The underlying collateral is valued on a daily basis at fair value to ensure that the value, including accrued interest, is at least equal to the repurchase price. In the event of default of the obligation to repurchase, a Fund has the right to liquidate the collateral and apply the proceeds in satisfaction of the obligations. Under certain circumstances, in the event of default or bankruptcy by the other party to the agreement, realization and/or retention of the collateral may be subject to legal proceedings.

Forward Foreign Currency Contracts - A forward foreign currency contract (“Forward Contract”) involves an obligation to purchase or sell a specific currency at a future date, which may be any fixed number of days from the date of the contract agreed upon by the parties, at a price set at the time of the contract. These contracts are principally traded in the inter-bank market conducted directly between currency traders (usually large, commercial banks) and their customers. A Forward Contract generally does not require an initial margin deposit and no commissions are charged at any stage for trades. However, if a Fund is in an unrealized loss position on a Forward Contract, it may be required to pledge collateral (or additional collateral) to the counterparty. If a Fund is in an unrealized gain position on a Forward Contract, it may receive collateral from the counterparty.

Risks may arise upon entering into Forward Contracts from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of foreign currencies relative to the U.S. dollar or each other.

Fluctuations in the value of open Forward Contracts are recorded for book purposes as unrealized gains or losses on Forward Contracts by the Funds. Realized gains and losses on Forward Contracts include net gains or losses recognized by the Funds on contracts which have matured or were sold. Each Fund may enter into Forward Contracts to manage its foreign currency exposure or to facilitate settlement of foreign currency denominated portfolio transactions. A Fund may invest in both Forward Contracts and U.S. dollar denominated money market securities in an attempt to create a “synthetic” investment in a foreign currency denominated instrument.

The following Forward Contracts were open at November 30, 2014:


Fund	Settlement Date			Contracts To Deliver			In Exchange For		Unrealized Gain (Loss)
U.S. Dollar Bullish Fund
		12/3/2014	AUD		10,672,065	USD		9,374,321	$	289,826
		12/3/2014	AUD		193,694	USD		166,965		2,085
		12/3/2014	AUD		763,114	USD		664,330		14,737
		12/3/2014	AUD		385,445	USD		331,754		3,647
		12/3/2014	AUD		3,327,216	USD		2,869,152		36,890
		12/3/2014	AUD		195,928	USD		167,059		278
		12/3/2014	BRL		7,882,672	USD		3,153,195		80,703
		12/3/2014	BRL		148,652	USD		57,714		(227	)
		12/3/2014	BRL		579,144	USD		223,867		(1,870	)
		12/3/2014	BRL		286,122	USD		110,857		(667	)
		12/3/2014	BRL		2,444,184	USD		951,044		(1,645	)
		12/3/2014	BRL		147,011	USD		57,992		691
		12/3/2014	CAD		19,439,851	USD		17,237,211		243,629
		12/3/2014	CAD		351,355	USD		309,870		2,729
		12/3/2014	CAD		1,391,965	USD		1,229,576		12,773
		12/3/2014	CAD		701,308	USD		617,712		4,655
		12/3/2014	CAD		5,992,925	USD		5,299,173		60,385
		12/3/2014	CAD		355,257	USD		315,579		5,027
		12/3/2014	CHF		6,061,468	USD		6,301,164		24,646
		12/3/2014	CHF		110,206	USD		114,073		(43	)
		12/3/2014	CHF		434,080	USD		449,026		(455	)
		12/3/2014	CHF		217,167	USD		226,729		1,858
		12/3/2014	CHF		1,860,087	USD		1,941,652		15,572
		12/3/2014	CHF		109,986	USD		114,097		209
		12/3/2014	CNH		27,941,961	USD		4,548,511		13,596
		12/3/2014	CNH		503,590	USD		81,894		162
		12/3/2014	CNH		2,009,108	USD		327,134		1,060
		12/3/2014	CNH		1,005,208	USD		163,915		772
		12/3/2014	CNH		8,566,715	USD		1,397,529		7,171
		12/3/2014	CNH		509,294	USD		82,799		141
		12/3/2014	EUR		18,781,710	USD		23,540,338		170,144
		12/3/2014	EUR		18,781,710	USD		23,540,244		170,050
		12/3/2014	EUR		682,106	USD		849,651		902
		12/3/2014	EUR		2,687,205	USD		3,341,951		(1,755	)
		12/3/2014	EUR		1,345,438	USD		1,687,653		13,516
		12/3/2014	EUR		11,519,343	USD		14,451,281		117,693
		12/3/2014	EUR		680,765	USD		849,368		2,288
		12/3/2014	GBP		8,863,484	USD		14,175,769		313,350
		12/3/2014	GBP		161,128	USD		255,762		3,759
		12/3/2014	GBP		634,495	USD		1,001,396		9,051


	12/3/2014	GBP	319,943	USD	501,482		1,094
	12/3/2014	GBP	2,712,764	USD	4,257,640		14,898
	12/3/2014	GBP	160,870	USD	252,716		1,117
	12/3/2014	JPY	3,172,151,315	USD	28,246,615		1,515,276
	12/3/2014	JPY	57,228,752	USD	499,456		17,196
	12/3/2014	JPY	228,846,360	USD	1,979,758		51,297
	12/3/2014	JPY	114,700,319	USD	972,057		5,491
	12/3/2014	JPY	980,909,203	USD	8,312,036		46,032
	12/3/2014	JPY	57,903,092	USD	490,904		2,962
	12/3/2014	KRW	5,262,276,376	USD	4,894,139		144,799
	12/3/2014	KRW	94,105,960	USD	85,969		1,036
	12/3/2014	KRW	377,686,059	USD	344,478		3,607
	12/3/2014	KRW	189,123,150	USD	169,617		(1,071	)
	12/3/2014	KRW	1,611,782,633	USD	1,450,032		(4,644	)
	12/3/2014	KRW	94,819,061	USD	85,353		(223	)
	12/3/2014	MXN	194,804,205	USD	14,440,970		451,067
	12/3/2014	MXN	3,541,431	USD	261,700		7,371
	12/3/2014	MXN	14,048,435	USD	1,035,409		26,518
	12/3/2014	MXN	7,036,553	USD	516,526		11,194
	12/3/2014	MXN	60,231,621	USD	4,411,305		85,759
	12/3/2014	MXN	3,564,028	USD	260,619		4,668
	12/3/2014	USD	13,208,396	AUD	15,537,462		17,721
	12/3/2014	USD	4,468,217	BRL	11,487,785		9,469
	12/3/2014	USD	24,705,030	CAD	28,232,661		(25,106	)
	12/3/2014	USD	9,104,457	CHF	8,792,994		496
	12/3/2014	USD	6,579,538	CNH	40,535,876		(660	)
	12/3/2014	USD	33,893,932	EUR	27,239,138		(109	)
	12/3/2014	USD	33,893,661	EUR	27,239,139		164
	12/3/2014	USD	20,088,745	GBP	12,852,684		12,751
	12/3/2014	USD	38,838,968	JPY	4,611,739,041		23,604
	12/3/2014	USD	6,852,082	KRW	7,629,793,239		34,003
	12/3/2014	USD	20,361,342	MXN	283,226,273		(21,391	)
	1/7/2015	AUD	16,077,932	USD	13,634,086		(18,486	)
	1/7/2015	BRL	12,445,830	USD	4,796,635		(7,032	)
	1/7/2015	CAD	28,845,639	USD	25,221,223		25,714
	1/7/2015	CHF	8,950,934	USD	9,272,264		(446	)
	1/7/2015	CNH	40,921,897	USD	6,621,238		2,035
	1/7/2015	EUR	27,841,526	USD	34,650,310		62
	1/7/2015	EUR	27,841,526	USD	34,649,893		(355	)
	1/7/2015	GBP	13,348,545	USD	20,859,571		(13,271	)
	1/7/2015	JPY	4,969,555,119	USD	41,878,156		(25,139	)
	1/7/2015	KRW	8,029,462,363	USD	7,198,858		(36,406	)
	1/7/2015	MXN	292,969,389	USD	21,018,265		24,106

						$	4,004,501


Brazilian Real Strategy Fund
	12/2/2014	BRL	8,964,178	USD	3,746,000	$	266,185
	12/2/2014	BRL	18,630,000	USD	7,411,975		179,973
	12/2/2014	BRL	14,015,325	USD	5,588,248		147,621
	12/2/2014	USD	7,992,621	BRL	18,630,000		(760,618	)
	12/2/2014	USD	7,823,290	BRL	18,240,000		(742,682	)
	12/2/2014	USD	87,527	BRL	200,000		(9,889	)
	12/2/2014	USD	1,950,000	BRL	4,539,503		(187,805	)
	2/3/2015	USD	6,762,458	BRL	16,990,000		(284,110	)
	2/3/2015	USD	8,494,178	BRL	21,300,000		(372,411	)
	3/3/2015	USD	7,225,411	BRL	18,630,000		(176,926	)
	3/3/2015	USD	6,025,169	BRL	15,501,555		(160,302	)

						$	(2,100,964	)


Chinese Yuan Strategy Fund
	1/9/2015	CNH	15,573,374	USD	2,523,025	$	2,714
	1/9/2015	CNH	15,568,335	USD	2,520,249		753
	1/9/2015	CNH	15,568,335	USD	2,520,576		1,080
	1/9/2015	USD	20,201,538	CNH	125,582,865		122,119
	1/9/2015	USD	20,323,235	CNH	126,339,388		122,855
	1/9/2015	USD	20,322,254	CNH	126,339,388		123,835
	1/9/2015	USD	1,949,682	CNH	12,000,000		(7,666	)
	2/27/2015	USD	4,330,369	CNY	26,809,313		19,674
	2/27/2015	USD	2,370,130	CNY	14,600,000		(1,154	)
	4/10/2015	USD	23,147,324	CNY	143,768,030		124,195
	5/7/2015	USD	28,376,596	CNY	175,381,551		(30,260	)

						$	478,145



Commodity Currency Strategy Fund
	12/2/2014	AUD	281,701	USD	240,463	$	32
	12/2/2014	AUD	1,410,086	USD	1,204,297		788
	12/2/2014	BRL	578,707	USD	228,075		3,426
	12/2/2014	BRL	2,925,267	USD	1,166,374		30,811
	12/2/2014	CAD	288,620	USD	256,458		3,344
	12/2/2014	CAD	1,407,206	USD	1,252,072		17,980
	12/2/2014	CLP	147,299,025	USD	246,208		4,020
	12/2/2014	CLP	719,892,008	USD	1,200,220		16,577
	12/2/2014	NOK	1,565,995	USD	229,844		6,318
	12/2/2014	NOK	7,747,588	USD	1,136,177		30,302
	12/2/2014	NZD	303,099	USD	236,835		(1,098	)
	12/2/2014	NZD	1,527,888	USD	1,203,548		4,156
	12/2/2014	RUB	8,598,007	USD	187,337		13,543
	12/2/2014	RUB	45,221,656	USD	956,060		41,984
	12/2/2014	USD	1,562,238	AUD	1,691,787		(118,298	)
	12/2/2014	USD	1,427,077	BRL	3,503,974		(66,865	)
	12/2/2014	USD	1,541,247	CAD	1,695,826		(54,040	)
	12/2/2014	USD	1,473,186	CLP	867,191,033		(47,354	)
	12/2/2014	USD	1,503,160	NOK	9,313,583		(173,760	)
	12/2/2014	USD	1,514,702	NZD	1,830,987		(77,377	)
	12/2/2014	USD	1,454,487	RUB	53,819,663		(366,617	)
	12/2/2014	USD	1,496,064	ZAR	16,265,958		(23,565	)
	12/2/2014	ZAR	2,675,443	USD	244,147		1,949
	12/2/2014	ZAR	13,590,515	USD	1,239,784		9,484
	1/5/2015	USD	1,183,426	BRL	2,994,126		(31,855	)
	3/3/2015	USD	1,156,730	AUD	1,363,154		(873	)
	3/3/2015	USD	1,174,801	CAD	1,323,178		(16,890	)
	3/3/2015	USD	1,163,885	CLP	704,092,595		(16,046	)
	3/3/2015	USD	1,170,951	NOK	8,010,008		(31,220	)
	3/3/2015	USD	1,174,347	NZD	1,504,088		(4,086	)
	3/3/2015	USD	1,136,913	RUB	55,330,173		(52,755	)
	3/3/2015	USD	1,172,665	ZAR	13,052,701		(9,073	)

						$	(907,058	)


Emerging Currency Strategy Fund
	12/2/2014	BRL	320,000	USD	129,335	$	5,113
	12/2/2014	BRL	13,707,292	USD	5,489,504		168,454
	12/2/2014	USD	5,712,950	BRL	14,027,292		(267,678	)
	1/5/2015	USD	5,493,838	BRL	13,837,880		(171,653	)
	2/3/2015	CLP	111,000,000	USD	190,153		8,723
	2/3/2015	CNH	1,015,000	USD	164,388		442
	2/3/2015	IDR	7,180,000,000	USD	582,551		(1,182	)
	2/3/2015	PHP	4,875,000	USD	108,191		(66	)
	2/3/2015	THB	11,530,000	USD	351,811		2,229
	2/3/2015	TRY	535,000	USD	236,043		(2,413	)
	2/3/2015	USD	6,055,034	CLP	3,510,557,520		(317,021	)
	2/3/2015	USD	6,216,643	CNH	38,280,846		(33,395	)
	2/3/2015	USD	5,522,400	COP	11,391,055,144		(400,515	)
	2/3/2015	USD	430,028	COP	895,000,000		(27,599	)
	2/3/2015	USD	5,960,728	IDR	73,316,955,682		(69	)
	2/3/2015	USD	1,979,009	INR	123,074,566		(10,412	)
	2/3/2015	USD	2,038,323	INR	126,804,097		(10,072	)
	2/3/2015	USD	1,977,737	INR	123,074,570		(9,140	)
	2/3/2015	USD	66,703	INR	4,155,000		(243	)
	2/3/2015	USD	6,027,220	KRW	6,338,224,730		(323,714	)
	2/3/2015	USD	128,079	KRW	138,000,000		(3,899	)
	2/3/2015	USD	5,947,865	MXN	80,215,287		(198,222	)
	2/3/2015	USD	37,592	MXN	510,000		(1,036	)
	2/3/2015	USD	5,957,876	PHP	266,853,260		(31,942	)
	2/3/2015	USD	5,673,394	PLN	18,886,160		(58,272	)
	2/3/2015	USD	484,870	PLN	1,640,000		2,725
	2/3/2015	USD	5,037,719	RUB	221,191,131		(663,784	)
	2/3/2015	USD	618,180	RUB	27,135,000		(81,600	)
	2/3/2015	USD	6,062,858	THB	197,806,802		(65,483	)
	2/3/2015	USD	5,852,844	TRY	13,129,099		(1,054	)
	2/3/2015	USD	5,940,788	ZAR	65,440,747		(79,840	)
	2/3/2015	ZAR	2,675,000	USD	238,546		(1,030	)
	2/5/2015	MYR	465,000	USD	139,212		2,183
	2/5/2015	USD	5,925,060	MYR	19,527,813		(170,474	)

						$	(2,741,939	)



Indian Rupee Strategy Fund
	2/3/2015	USD	7,736,764	INR	481,149,369	$	(40,705	)
	2/3/2015	USD	7,968,649	INR	495,729,639		(39,376	)
	2/3/2015	USD	7,731,791	INR	481,149,383		(35,732	)

						$	(115,813	)


Asia Local Debt Fund
	12/17/2014	KRW	750,000,000	USD	721,362	$	45,134
	12/17/2014	KRW	644,000,000	USD	597,628		16,974
	12/17/2014	KRW	638,000,000	USD	602,171		26,926
	12/17/2014	KRW	953,000,000	USD	901,054		41,794
	12/17/2014	KRW	1,267,000,000	USD	1,200,333		57,959
	12/17/2014	KRW	230,000,000	USD	213,588		6,211
	12/17/2014	SGD	1,160,000	USD	908,664		18,896
	12/17/2014	SGD	770,000	USD	602,061		11,440
	12/17/2014	SGD	1,540,000	USD	1,201,778		20,535
	12/17/2014	SGD	260,000	USD	201,939		2,508
	12/17/2014	TWD	20,000,000	USD	664,121		18,251
	12/17/2014	TWD	9,175,000	USD	301,760		5,467
	12/17/2014	TWD	9,215,000	USD	303,444		5,860
	12/17/2014	TWD	13,790,000	USD	454,066		8,739
	12/17/2014	TWD	18,355,000	USD	602,594		9,847
	12/17/2014	TWD	5,500,000	USD	180,418		2,804
	12/17/2014	USD	7,456,942	KRW	7,750,000,000		(469,252	)
	12/17/2014	USD	7,458,736	KRW	7,750,000,000		(471,047	)
	12/17/2014	USD	10,214,439	SGD	12,861,000		(349,527	)
	12/17/2014	USD	18,942,254	TWD	566,941,662		(633,733	)

						$	(1,624,214	)


Emerging Markets Local Debt Fund
	12/17/2014	KRW	1,718,000,000	USD	1,561,180	$	12,166
	12/17/2014	USD	10,041,768	KRW	10,436,409,180		(631,911	)
	12/17/2014	USD	10,044,184	KRW	10,436,409,180		(634,327	)

						$	(1,254,072	)


Japan Interest Rate Strategy Fund (consolidated)
	12/4/2014	JPY	74,448,000	USD	664,222	$	36,925
	12/4/2014	JPY	74,299,000	USD	662,886		36,844
	12/4/2014	JPY	3,547,000	USD	31,646		1,760
	12/4/2014	JPY	10,764,000	USD	96,037		5,340
	12/4/2014	USD	13,981	JPY	1,567,000		(777	)
	12/4/2014	USD	627,279	JPY	74,448,000		18
	12/4/2014	USD	612,821	JPY	72,732,000		17
	12/4/2014	USD	90,696	JPY	10,764,000		1
	12/4/2014	USD	29,886	JPY	3,547,000		1
	1/8/2015	JPY	17,180,000	USD	144,843		(5	)
	1/8/2015	JPY	3,547,000	USD	29,904		(1	)
	1/8/2015	JPY	10,764,000	USD	90,750		(3	)
	1/8/2015	JPY	72,732,000	USD	613,208		(8	)
	1/8/2015	JPY	74,448,000	USD	627,681		(2	)

						$	80,110


Strategic Corporate Bond Fund
	2/13/2015	EUR	386,891	USD	482,922	$	355
	2/13/2015	EUR	26,620	USD	33,222		19
	2/13/2015	GBP	70,870	USD	112,661		1,731

						$	2,105


Global Real Return Fund (consolidated)
	1/16/2015	AUD	195,000	USD	169,507	$	3,605
	1/16/2015	BRL	110,000	USD	44,403		2,235
	1/16/2015	CAD	211,750	USD	188,143		2,636
	1/16/2015	EUR	91,603	USD	116,085		1,856
	1/16/2015	GBP	142,700	USD	227,144		3,731
	1/16/2015	MXN	1,220,000	USD	90,257		2,724
	1/16/2015	MXN	110,000	USD	7,881		(11	)
	1/16/2015	TRY	367,493	USD	157,899		(6,468	)
	1/16/2015	USD	122,770	AUD	140,000		(3,661	)
	1/16/2015	USD	25,290	EUR	20,000		(350	)
	1/16/2015	ZAR	1,095,000	USD	96,318		(2,046	)
	1/16/2015	ZAR	1,060,000	USD	94,923		(297	)

						$	3,954



Managed Futures Strategy Fund (consolidated)
	12/17/2014	JPY	2,575,618,000	USD	24,762,986	$	3,055,681
	12/17/2014	JPY	30,396,000	USD	289,519		33,341
	12/17/2014	JPY	153,454,000	USD	1,400,144		106,834
	12/17/2014	JPY	24,607,000	USD	227,183		19,795
	12/17/2014	JPY	45,218,000	USD	419,679		38,582
	12/17/2014	JPY	45,042,000	USD	419,641		40,027
	12/17/2014	JPY	55,454,000	USD	493,937		26,571
	12/17/2014	JPY	97,159,000	USD	862,547		43,691
	12/17/2014	JPY	219,151,000	USD	1,913,561		66,557
	12/17/2014	USD	27,346,394	JPY	3,246,099,000		11,724
	3/18/2015	JPY	3,246,099,000	USD	27,376,376		(9,139	)
	3/18/2015	JPY	15,894,000	USD	134,044		(45	)

						$	3,433,619

Currency Legend:

AUD - Australian dollar

BRL - Brazilian real

CAD - Canadian dollar

CHF - Swiss franc

CLP - Chilean peso

CNH - Chinese renminbi

CNY - Chinese yuan

COP - Colombian peso

EUR - Euro

GBP - British pound

IDR - Indonesian rupiah

INR - Indian rupee

JPY - Japanese yen

KRW - South Korean won

MXN - Mexican peso

MYR - Malaysian ringgit

NOK - Norwegian krone

NZD - New Zealand dollar

PHP - Philippine peso

PLN - Polish zloty

RUB - Russian ruble

SGD - Singapore dollar

THB - Thai baht

TRY - Turkish New lira

TWD - New Taiwan dollar

USD - U.S. dollar

ZAR - South African rand

Currency, Interest Rate and Total Return Swaps - Each Fund may enter into swap agreements, including interest rate swaps, currency swaps and total return swaps. A typical interest rate swap involves the exchange of a floating interest rate payment for a fixed interest rate payment. A typical foreign cross-currency swap involves the exchange of cash flows based on the notional difference among two or more currencies (e.g., the U.S. dollar and the Brazilian real). A typical total return swap involves the payment of the total return on a reference asset in return for payments equal to a rate of interest on another reference asset. The total return typically includes appreciation or depreciation on the reference asset, plus any interest or dividend payments. Swap agreements may be used to achieve exposure to, for example, currencies, interest rates, indexes and money market securities without actually purchasing such currencies or securities. The Managed Futures Strategy Fund and the Global Real Return Fund may enter into swaps transactions based on commodities or commodity indexes. Each Fund may use swap agreements to invest in a market without owning or taking physical custody of the underlying securities in circumstances in which direct investment is restricted for legal reasons or is otherwise impracticable. Swap agreements will tend to shift a Fund’s investment exposure from one type of investment to another or from one payment stream to another. Depending on their structure, swap agreements may increase or decrease a Fund’s exposure to long- or short-term interest rates (in the United States or abroad), foreign currencies, corporate borrowing rates, or other factors, and may increase or decrease the overall volatility of a Fund’s investments and its share price.

Detailed below is the total return swap agreement outstanding as of November 30, 2014:

Fund

Counterparty

Termination
Date

Notional
Amount

Fund Pays
Floating Rate

(per annum)

Fund Receives Total Return of
Reference Entity

Unrealized
Appreciation

Managed Futures Strategy Fund (consolidated)

UBS AG

12/15/14

45,303,199

3-Month U.S.
Treasury Bill
Index + 0.45%

AFT CTI
Modified Index¹

739,182

The Alpha Financial Technologies Commodity Trends Indicator Modified Index (“AFT CTI”) is a long/short rules-based index constructed of 16 liquid commodity futures contracts. The AFT CTI is designed to reflect both rising and falling price trends via long and short positions. The AFT CTI is historically non-correlated to traditional bond and equity returns over long-term periods. The AFT CTI is modified when there is a market disruption event (“MDE”). An MDE occurs when the counterparty is unable to transact in a freely trading market when there is a need for transactions to take place and the modification refers specifically to the business day and transaction price the counterparty is able to transact at. If there is an MDE in some markets, the counterparty transacts at the close on the next business day on which the relevant markets are not disrupted.

Futures Contracts - Each Fund may transact in currency futures contracts and interest rate futures contracts. The Managed Futures Strategy Fund and Global Real Return Fund may transact in commodity, currency and interest rate futures contracts. When a Fund purchases a listed futures contract, it agrees to purchase a specified reference asset (e.g., commodity, currency or Treasury security) at a specified future date. When a Fund sells a listed futures contract, it agrees to sell a specified reference asset (e.g., commodity, currency or Treasury security) at a specified future date. The price at which the purchase and sale will take place is fixed when the Fund enters into the contract. The exchange clearing corporation is the ultimate counterparty for all exchange-listed contracts, so credit risk is limited to the creditworthiness of the exchange’s clearing corporation. Margin deposits are posted as performance bonds with the clearing broker and, in turn, with the exchange clearing corporation.

Each Fund may buy and sell index futures contracts. An index futures contract is a bilateral agreement pursuant to which two parties agree to take or make delivery of an amount of cash equal to a specified dollar amount times the difference between the index value at the close of trading of the contract and the price at which the futures contract is originally struck. No physical delivery of the securities comprising the index is made. Instead, settlement in cash must occur upon the termination of the contract, with the settlement being the difference between the contract price, and the actual level of the index at the expiration of the contract. Generally, contracts are closed out prior to the expiration date of the contract.

Upon entering into a futures contract, a Fund is required to deliver to a broker an amount of cash and/or government securities equal to a certain percentage of the contract amount. This amount is known as the “initial margin”. Subsequent payments, known as “variation margin”, generally are made or received by the Fund each day depending on the fluctuations in the value of the underlying futures contracts, except that in the case of certain futures contracts payments may be made or received at settlement. When a Fund purchases or sells a futures contract, the Fund is required to “cover” its position in order to limit the risk associated with the use of leverage and other related risks. To cover its position, a Fund will segregate assets consisting of cash or liquid securities that, when added to any amounts deposited with a futures commission merchant as margin, will “cover” its position in a manner consistent with the 1940 Act or the rules and SEC interpretations thereunder. If a Fund continues to engage in the described securities trading practices and properly segregates assets, the segregated assets will function as a practical limit on the amount of leverage which a Fund may undertake and on the potential increase in the speculative character of a Fund’s outstanding portfolio securities. Additionally, such segregated assets will generally ensure the availability of adequate funds to meet the obligations of a Fund arising from such investment activities.

The following futures contracts were open at November 30, 2014:


Fund		Number of Contracts	Notional Value			Expiration Date	Unrealized Appreciation/ (Depreciation)
U.S. Aggregate Bond Negative Duration Fund	Futures Contracts Short
	10 Year U.S. Treasury Note Futures	104	$	(13,212,875	)	Mar-15	$	(87,750	)
	5 Year U.S. Treasury Note Futures	7		(836,445	)	Mar-15		(4,703	)
	U.S. Treasury Long Bond Futures	93		(13,264,125	)	Mar-15		(218,188	)
	U.S. Treasury Ultra Long Term Bond Futures	38		(6,110,875	)	Mar-15		(96,188	)

							$	(406,829	)


U.S. Aggregate Bond Zero Duration Fund	Futures Contracts Short
	10 Year U.S. Treasury Note Futures	75	$	(9,528,516	)	Mar-15	$	(63,281	)
	2 Year U.S. Treasury Note Futures	73		(15,997,266	)	Mar-15		(19,391	)
	5 Year U.S. Treasury Note Futures	177		(21,150,117	)	Mar-15		(112,125	)
	U.S. Treasury Long Bond Futures	53		(7,559,125	)	Mar-15		(124,344	)
	U.S. Treasury Ultra Long Term Bond Futures	30		(4,824,375	)	Mar-15		(75,938	)

							$	(395,079	)


High Yield Bond Negative Duration Fund	Futures Contracts Short
	10 Year U.S. Treasury Note Futures	28	$	(3,557,312	)	Mar-15	$	(23,625	)
	5 Year U.S. Treasury Note Futures	19		(2,270,352	)	Mar-15		(12,766	)
	U.S. Treasury Long Bond Futures	14		(1,996,750	)	Mar-15		(32,846	)
	U.S. Treasury Ultra Long Term Bond Futures	18		(2,894,625	)	Mar-15		(45,562	)

							$	(114,799	)



High Yield Bond Zero Duration Fund	Futures Contracts Short
	2 Year U.S. Treasury Note Futures	72	$	(15,778,125	)	Mar-15	$	(19,125	)
	5 Year U.S. Treasury Note Futures	44		(5,257,656	)	Mar-15		(29,563	)

							$	(48,688	)


Japan Interest Rate Strategy Fund (consolidated)	Futures Contracts Short
	10 Year Japanese Government Bond Futures	3	$	(3,713,443	)	Dec-14	$	(31,343	)
	10 Year Mini Japanese Government Bond Futures	10		(1,238,067	)	Dec-14		(7,162	)

							$	(38,505	)


Global Real Return Fund (consolidated)	Futures Contracts Long
	Copper Futures	1	$	71,150		Mar-15	$	(2,863	)
	Gasoline RBOB Futures	2		155,232		Mar-15		(16,951	)
	Platinum Futures	1		60,565		Jan-15		(4,535	)

							$	(24,349	)


Managed Futures Strategy Fund (consolidated)	Futures Contracts Short
	Australian Dollar Currency Futures	54	$	(4,558,140	)	Mar-15	$	22,860
	British Pound Currency Futures	116		(11,314,350	)	Mar-15		126,800
	Canadian Dollar Currency Futures	26		(2,267,460	)	Mar-15		42,195
	Cocoa Futures	35		(995,050	)	Mar-15		16,800
	Copper Futures	69		(4,909,350	)	Mar-15		312,975
	Cotton No.2 Futures	34		(1,021,360	)	Mar-15		43,865
	Euro Currency Futures	190		(29,554,500	)	Mar-15		187,794
	Gold 100 Ounce Futures	31		(3,644,050	)	Feb-15		(9,700	)
	Silver Futures	19		(1,477,820	)	Mar-15		55,560
	Sugar No. 11 Futures	56		(977,805	)	Mar-15		49,000
	Swiss Franc Currency Futures	35		(4,532,938	)	Mar-15		26,688

							$	874,837


	Futures Contracts Long
	10 Year U.S. Treasury Note Futures	135	$	17,151,328		Mar-15	$	187,766
	Coffee “C” Futures	21		1,476,169		Mar-15		—
	Corn Futures	197		3,829,188		Mar-15		(5,038	)
	Lean Hogs Futures	55		1,940,950		Feb-15		3,280
	Live Cattle Futures	46		3,113,740		Feb-15		54,770
	Natural Gas Futures	102		4,108,560		Mar-15		—
	Soybean Futures	105		5,368,125		Mar-15		(4,413	)
	U.S. Treasury Long Bond Futures	121		17,257,625		Mar-15		357,992
	Wheat Futures	84		2,429,700		Mar-15		(2,975	)

							$	591,382

	Total						$	1,466,219

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. Each Fund receives compensation for lending its securities from interest or dividends earned on the cash or U.S. government securities held as collateral, net of fee rebates paid to the borrower plus reasonable administrative and custody fees. The dividend and interest income earned on the securities loaned is accounted for in the same manner as other dividend and interest income. Dividends received while a security is out on loan are not considered Qualified Dividend Income (“QDI”) under the specific criteria issued by the Internal Revenue Service and are subject to taxation at the shareholder’s ordinary income tax rate instead of the lower long-term capital gains tax rate. The borrower pays to the Funds an amount equal to any dividends or interest received on loaned securities. The Funds retain all or a portion of the interest received on investment of cash collateral or receive a fee from the borrower. Lending portfolio securities could result in a loss or delay in recovering each Fund’s securities if the borrower defaults.

Short-Term Investments - Each Fund may invest a portion of its assets in high-quality money market instruments on an ongoing basis to provide liquidity or for other reasons. The instruments include short-term obligations issued by the U.S. government, its agencies, non-U.S. government agencies, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are short-term negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for specified periods of time at stated interest rates. Banker’s acceptances are time drafts drawn on commercial banks by borrowers, usually in connection with international transactions.

To-be-announced Transactions - U.S. Aggregate Bond Negative Duration Fund and U.S. Aggregate Bond Zero Duration Fund invest in U.S. agency mortgage-backed pass-through securities which are securities issued by entities such as Government National Mortgage Association and Federal National Mortgage Association that are backed by pools of mortgages. Most transactions in mortgage-backed pass-through securities occur for future delivery in which the exact mortgage pools to be delivered are not specified until a few days prior to settlement, referred to as a “to-be-announced transaction” or “TBA Transaction.” In a TBA Transaction, the buyer and seller agree upon general trade parameters such as agency, settlement date, par amount and price. The actual pools delivered generally are determined a few days prior to the settlement date; however, it is not anticipated that the U.S. Aggregate Bond Negative Duration Fund and U.S. Aggregate Bond Zero Duration Fund will take delivery of pools, but instead will participate in rolling TBA Transactions whereby instead of receiving pools on the purchase settlement date, the position is offset by a current sale of the TBA security with a simultaneous forward purchase of a substantially similar TBA security (i.e. same type, coupon, maturity) to settle on a specified future date.

3. FEDERAL INCOME TAXES

At November 30, 2014, the cost of investments (including securities on loan) for Federal income tax purposes was as follows:


Fund	Tax Cost		Gross Unrealized Appreciation		Gross Unrealized Depreciation			Net Unrealized Appreciation/ (Depreciation)
U.S. Dollar Bullish Fund	$	239,564,356	$	—	$	—		$	—
Brazilian Real Strategy Fund		4,746,997		—		—			—
Chinese Yuan Strategy Fund		185,169,858		—		(188,206	)		(188,206	)
Commodity Currency Strategy Fund		10,596,159		—		—			—
Emerging Currency Strategy Fund		112,487,497		—		—			—
Indian Rupee Strategy Fund		25,835,364		—		—			—
Asia Local Debt Fund		312,586,840		1,616,946		(24,353,891	)		(22,736,945	)
Australia & New Zealand Debt Fund		35,259,045		1,108		(4,261,107	)		(4,259,999	)
U.S. Aggregate Bond Negative Duration Fund		34,829,032		380,318		(4,782	)		375,536
U.S. Aggregate Bond Zero Duration Fund		67,928,508		689,925		(22,895	)		667,030
Floating Rate Treasury Fund		2,771,580		112		(207	)		(95	)
High Yield Bond Negative Duration Fund		13,317,367		32,523		(162,133	)		(129,610	)
High Yield Bond Zero Duration Fund		30,485,154		28,305		(390,070	)		(361,765	)
Emerging Markets Corporate Bond Fund		144,094,362		2,133,903		(3,724,151	)		(1,590,248	)
Emerging Markets Local Debt Fund		763,430,005		2,723,467		(113,463,927	)		(110,740,460	)
Euro Debt Fund		3,974,299		395,403		—			395,403
Japan Interest Rate Strategy Fund (consolidated)		6,444,261		29		(150,019	)		(149,990	)
Strategic Corporate Bond Fund		8,819,276		178,986		(73,665	)		105,321
Global Real Return Fund (consolidated)		5,872,237		122,272		(1,164,067	)		(1,041,795	)
Managed Futures Strategy Fund (consolidated)		261,649,011		3		(47,311,434	)		(47,311,431	)

4. OTHER AFFILIATED PARTIES AND TRANSACTIONS

Affiliated holdings are funds which are managed by, or an affiliate of, WTAM. Transactions with affiliated funds during the period ended November 30, 2014 are as follows:


Fund	Value at 8/31/2014		Purchases/ Additions		Sales/ Reductions		Value at 11/30/2014		Dividend Income
Global Real Return Fund (consolidated)
WisdomTree Emerging Markets Equity Income Fund	$	26,365	$	—	$	—	$	22,860	$	631
WisdomTree Equity Income Fund		234,351		—		18,483		223,241		1,753
WisdomTree Global Natural Resources Fund		167,248		—		—		133,200		1,936

Total	$	427,964	$	—	$	18,483	$	379,301	$	4,320

Item 2. Controls and Procedures.

(a)

The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)(17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)).

(b)

There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


(Registrant)		WisdomTree Trust


By (Signature and Title)*		/s/ Jonathan L. Steinberg
		Jonathan L. Steinberg, President
		(principal executive officer)


Date		January 23, 2015

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.


By (Signature and Title)*		/s/ Jonathan L. Steinberg
		Jonathan L. Steinberg, President
		(principal executive officer)


Date		January 23, 2015


By (Signature and Title)*		/s/ David Castano
		David Castano, Treasurer
		(principal financial officer)


Date		January 23, 2015

* Print the name and title of each signing officer under his or her signature.