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Wisdomtree Issuer Plc WISDOMTREE ISSUER PLC ANNUAL REPORT FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 WisdomTree Issuer Plc Annual Report For the financial year ended 31 December 2019 TABLE OF CONTENTS Directors and Other Information 3 Directors’ Report 4 Investment Managers’ Reports 24 Irish Life Investment Managers Limited 24 Assenagon Asset Management S.A. 40 Depositary’s Report 43 Independent Auditor’s Report 44 Statement of Comprehensive Income 51 Statement of Financial Position 57 Statement of Changes in Net Assets Attributable to Holders of Redeemable Participating Shares 63 Statement of Cash Flows 69 Notes to the Financial Statements 75 Schedule of Investments WisdomTree US Equity Income UCITS ETF 176 WisdomTree US SmallCap Dividend UCITS ETF 187 WisdomTree Europe Equity Income UCITS ETF 208 WisdomTree Europe SmallCap Dividend UCITS ETF 226 WisdomTree Emerging Markets Equity Income UCITS ETF 250 WisdomTree Emerging Markets SmallCap Dividend UCITS ETF 277 WisdomTree ISEQ 20® UCITS ETF 320 WisdomTree Germany Equity UCITS ETF 322 WisdomTree Japan Equity UCITS ETF 327 WisdomTree Europe Equity UCITS ETF 342 WisdomTree UK Equity Income UCITS ETF 351 WisdomTree Emerging Asia Equity Income UCITS ETF 356 WisdomTree Enhanced Commodity UCITS ETF 376 WisdomTree US Quality Dividend Growth UCITS ETF 378 WisdomTree Global Quality Dividend Growth UCITS ETF 389 WisdomTree Eurozone Quality Dividend Growth UCITS ETF 417 WisdomTree India Quality UCITS ETF 424 WisdomTree AT1 CoCo Bond UCITS ETF 429 WisdomTree CBOE S&P 500 PutWrite UCITS ETF 434 WisdomTree EUR Aggregate Bond Enhanced Yield UCITS ETF 435 WisdomTree EUR Government Bond Enhanced Yield UCITS ETF 443 WisdomTree Japan SmallCap Dividend UCITS ETF 448 WisdomTree US Multifactor UCITS ETF 467 WisdomTree Artificial Intelligence UCITS ETF 475 WisdomTree USD Floating Rate Treasury Bond UCITS ETF 478 WisdomTree Cloud Computing UCITS ETF 479 Summary of Significant Portfolio Changes (Unaudited) 481 Appendix I – Remuneration Policy (Unaudited) 532 Appendix II – Securities Financing Transactions (Unaudited) 533 2 WisdomTree Issuer Plc Directors and Other Information Directors* Company’s Registered Number: David Abner (US) (resigned on 31 July 2019) 503861 Gregory Barton (US) (Chairperson) (resigned on 15 March 2019) Promoter Vincent Dodd (Ireland)** WisdomTree Asset Management Inc. Denise Kinsella (Ireland)** 245 Park Avenue Amit Muni (US) 35th Floor Peter Ziemba (US) (appointed Chairperson on 31 May 2019) New York Bryan Governey (Ireland) (appointed on 31 July 2019) NY 10167 United States Alexis Marinof (UK) (appointed on 13 August 2019) Secretary Investment Managers Goodbody Secretarial Limited Irish Life Investment Managers Limited*** International Financial Services Centre Beresford Court North Wall Quay Beresford Place Dublin 1 Dublin 1 Ireland Ireland Assenagon Asset Management SA Legal Advisers (as to Irish law) Aerogolf Center A&L Goodbody 1B Heienhaff International Financial Services Centre Senningerberg, 1736 North Wall Quay Luxembourg Dublin 1 Ireland Administrator, Registrar and Transfer Agent State Street Fund Services (Ireland) Limited Listing Sponsor 78 Sir John Rogerson’s Quay Davy Dublin 2 Davy House Ireland 49 Dawson Street Dublin 2 Depositary Ireland State Street Custodial Services (Ireland) Limited 78 Sir John Rogerson’s QuayEU Marketing Agent Dublin 2 WisdomTree Ireland Limited Ireland 25-28 North Wall Quay Dublin 1 Currency Manager (As to the provision of Ireland foreign currency hedging services) UK Facilities Agent and Marketing Agent Irish Life Investment Managers Limited WisdomTree UK Limited Beresford Court 3 Lombard Street Beresford Place 31-41 Worship Street Dublin 1 London EC3V 9AA Ireland United Kingdom Assenagon Asset Management SA Aerogolf Center Auditors 1B Heienhaff Ernst & Young Senningerberg, 1736 Ernst & Young Building Luxembourg Harcourt Centre Harcourt Street Registered Office Dublin 2 25-28 North Wall Quay Ireland Dublin 1 Ireland Swiss Representative and Paying Agent Société Générale Manager Zurich Branch WisdomTree Management Limited Talacker 50 25-28 North Wall Quay PO Box 1928 Dublin 1 8021 Zurich Ireland Switzerland * All Directors are non-executive Directors. ** Independent Non-Executive Directors, as defined by the Irish Funds (“IF”) Corporate Governance Code. *** Irish Life Investment Managers Limited is acting as Investment Manager for all funds apart from WisdomTree Enhanced Commodity UCITS ETF, WisdomTree AT1 CoCo Bond UCITS ETF and WisdomTree S&P 500 Put Write UCITS ETF for which Assenagon Asset Management SA is the Investment Manager. 3 WisdomTree Issuer Plc Directors’ Report For the financial year ended 31 December 2019 The Directors present to the shareholders the annual report together with the audited financial statements for the financial year, (“year”), ended 31 December 2019 of WisdomTree Issuer Plc (the “Company”). Review of the development of the business The Company is an umbrella fund with segregated liability between sub-funds and an open-ended investment company with variable capital incorporated in Ireland on 20 September 2011 with limited liability authorised and regulated by the Central Bank of Ireland (“Central Bank”) under the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011, as amended, and under The Central Bank (Supervision And Enforcement) Act 2013 (Section 48(1) (Undertakings For Collective Investment In Transferable Securities) Regulations 2019) (collectively the “UCITS Regulations”). As at 31 December 2019, the Company comprised 26 active sub-funds, (collectively the “Sub-Funds” or each individually a “Sub-Fund”), (31 December 2018: 24 active sub-funds). The names and initial launch dates are as follows: Active Sub-Funds, share classes and launch dates WisdomTree US Equity Income UCITS ETF Share classes Launch Date Currency USD (“DHS”) 21 October 2014 USD USD Acc (“DHSA”) 03 November 2016 USD GBP Hedged Acc (“DHSG”) 01 November 2016 GBP EUR Hedged Acc (“DHSF”) 07 November 2016 EUR WisdomTree US SmallCap Dividend UCITS ETF Share classes Launch Date Currency USD (“DESE”) 21 October 2014 USD WisdomTree Europe Equity Income UCITS ETF Share classes Launch Date Currency EUR (“EEI”) 21 October 2014 EUR EUR Acc (“EEIA”) 03 November 2016 EUR WisdomTree Europe SmallCap Dividend UCITS ETF Share classes Launch Date Currency EUR (“DFE”) 21 October 2014 EUR EUR Acc (“DFEA”) 03 November 2016 EUR WisdomTree Emerging Markets Equity Income UCITS ETF Share classes Launch Date Currency USD (“DEM”) 14 November 2014 USD USD Acc (“DEMR”) 02 November 2016 USD WisdomTree Emerging Markets SmallCap Dividend UCITS ETF Share classes Launch Date Currency USD (“DGSE”) 14 November 2014 USD WisdomTree ISEQ 20® UCITS ETF Share classes Launch Date Currency EUR (“ISEQ”) 17 April 2015 EUR 4 WisdomTree Issuer Plc Directors’ Report (continued) For the financial year ended 31 December 2019 WisdomTree Germany Equity UCITS ETF Share classes Launch Date Currency GBP Hedged (“DXGP”) 11 May 2015 GBP USD Hedged (“DXGE”) 02 November 2015 USD CHF Hedged Acc (“DXGD”) 02 February 2016 CHF EUR Acc (“DXGY”) 02 November 2015 EUR WisdomTree Japan Equity UCITS ETF Share classes Launch Date Currency USD Hedged (“DXJ”) 18 May 2015 USD GBP Hedged (“DXJP”) 02 November 2015 GBP JPY Acc (“DXJZ”) 02 November 2015 JPY CHF Hedged Acc (“DXJD”) 02 February 2016 CHF EUR Hedged Acc (“DXJF”) 03 November 2015 EUR USD Hedged Acc (“DXJA”) 09 March 2017 USD WisdomTree Europe Equity UCITS ETF Share classes Launch Date Currency USD Hedged (“HEDJ”) 18 May 2015 USD EUR Acc (“HEDF”) 02 November 2015 EUR CHF Hedged Acc (“HEDD”) 02 February 2016 CHF GBP Hedged (“HEDP”) 02 November 2015 GBP USD Hedged Acc (“HEDK”) 01 November 2016 USD WisdomTree UK Equity Income UCITS ETF Share classes Launch Date Currency GBP (“WUKD”) 28 September 2015 GBP WisdomTree Emerging Asia Equity Income UCITS ETF Share classes Launch Date Currency USD (“DEMA”) 28 September 2015 USD WisdomTree Enhanced Commodity UCITS ETF Share classes Launch Date Currency USD (“WCOG”) 27 April 2016 USD USD Acc (“WCOA”) 27 April 2016 USD GBP Hedged Acc (“WCOM”) 14 August 2018 GBP EUR Hedged Acc (“WCOE”) 14 August 2018 EUR CHF Hedged Acc (“COMS”) 11 December 2019 CHF WisdomTree US Quality Dividend Growth UCITS ETF Share classes Launch Date Currency USD Acc (“DGRA”) 03 June 2016 USD USD (“DGRW”) 03 November 2016 USD WisdomTree Global Quality Dividend Growth UCITS ETF Share classes Launch Date Currency USD Acc (“GGRA”) 03 June 2016 USD USD (“GGRW”) 02 November 2016 USD WisdomTree Eurozone Quality Dividend Growth UCITS ETF Share classes Launch Date Currency EUR Acc (“EGRA”) 29 June 2016 EUR EUR (“EGRW”) 03 November 2016 EUR 5 WisdomTree Issuer Plc Directors’ Report (continued) For the financial year ended 31 December 2019 WisdomTree India Quality UCITS ETF Share classes Launch Date Currency USD (“EPIQ”) 28 February 2017 USD USD Acc (“EPIE”) 28 February 2017 USD WisdomTree AT1 CoCo Bond UCITS ETF Share classes Launch Date Currency USD (“CCBO”) 14 May 2018 USD USD Acc (“COCB”) 14 May 2018 USD USD Hedged (“CODO”) 21 August 2018 USD EUR Hedged (“COBO”) 21 August 2018 EUR GBP Hedged (“COGO”) 21 August 2018 GBP WisdomTree CBOE S&P 500 PutWrite UCITS ETF Share classes Launch Date Currency USD Acc (“PUTW”) 21 May 2018 USD WisdomTree EUR Aggregate Bond Enhanced Yield UCITS ETF Share classes Launch Date Currency EUR (“YLD”) 02 July 2018 EUR EUR Acc (“EYLD”) 02 July 2018 EUR WisdomTree EUR Government Bond Enhanced Yield UCITS ETF Share classes Launch Date Currency EUR (“GOVE”) 02 July 2018 EUR EUR Acc (“WGOV”)
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