HEDJ

About HEDJ

The Fund employs a “passive management” – or indexing– investment approach designed to track the performance of the Index. The Fund generally uses a representative sampling strategyto achieve its investment objective, meaning it generally will invest in a sample of the securities in the Index whose risk, return andother characteristics resemble the risk, return and other characteristics of the Index as a whole. Under normal circumstances, at least95% of the Fund’s total assets (exclusive of collateral held from securities lending) will be invested in constituent securitiesof the Index and investments that have economic characteristics that are substantially identical to the economic characteristics of suchconstituent securities. WisdomTree, Inc. (“WisdomTree”), the Index Providerand parent company of WisdomTree Asset Management, Inc. (“WisdomTree Asset Management” or the “Adviser”), hascreated the Index to provide exposure to European equity securities while at the same time“hedging” or neutralizing exposure to fluctuations in the value of the euro relative to the U.S. dollar. The Index consists of those dividend-paying companies within theWisdomTree International Equity Index, which defines the dividend-paying universe of companies in the industrialized world, excludingCanada and the United States, that are organized and domiciled under the laws of a European country, trade in euros, have at least $1billion in market capitalization, and derive at least 50% of their revenue from countries outside of Europe. Countries historically representedin the Index include: Germany, France, the Netherlands, Spain, Belgium, Finland, Italy, Portugal, Austria and Ireland. To be eligiblefor inclusion in the Index, a company must meet the following criteria as of the annual Index screening date: (i) payment of at least$5 million in cash dividends on shares of common stock during the preceding annual cycle; (ii) median daily dollar trading volume ofat least $100,000 for the preceding three months; and (iii) trading of at least 250,000 shares per month for each of the preceding sixmonths. Securities are weighted in the Index based on dividends paid overthe prior annual cycle. Companies that pay a greater total dollar amount of dividends are more heavily weighted. To derive a company’sinitial Index weight, (i) multiply the U.S. dollar value of the company’s annual gross dividend per share by the numberof common shares outstanding for that company (the “Cash Dividend Factor”); (ii) calculate the Cash Dividend Factor for eachcompany; (iii) add together all of the companies’ Cash Dividend Factors; and (iv) divide the company’s Cash DividendFactor by the sum of all Cash Dividend Factors. On the Index’s annual screening date, the maximum weight of any single securityin the Index is capped at 5%, and the Index caps the weight of constituents exposed to a single sector (except for the real estate sector)at 25%. The weight of constituents exposed to the real estate sector is capped at 15%. The Index also may adjust the weight of individualconstituents on the annual screening date based on certain quantitative thresholds or limits tied to key metrics of a constituent security,such as its trading volume. To the extent the Index reduces an individual constituent’s weight, the excess weight will be reallocatedon a pro rata basis among the other constituents. Similarly, if the Index increases a constituent’s weight, the weight of the otherconstituents will be reduced on a pro rata basis to contribute the weight needed for such increase. The Index weight of a sector or individualconstituent may fluctuate above or below specified caps and thresholds, respectively, between screening dates in response to market conditions. WisdomTree currently uses the GlobalIndustry Classification Standard (GICS®), awidely recognized industry classification methodology developed by MSCI, Inc. and Standard & Poor’s Financial Services LLC,to identify the extent of the Index’s exposure to a sector or industry. A GICS sector typically is comprised of multiple industries.Because the Fund seeks to track the Index it is expected to have the same sector and industry exposure as the Index. While the Index’sand the Fund’s sector exposure may vary from time to time, as of June 30, 2024, the Index had significant exposure (e.g.,approximately 15% or more of the Index’s total weight) to Consumer Discretionary, Industrials and Financials Sectors. To the extent the Index’s constituents are concentrated (i.e.,holds more than 25% of constituents) in the securities of companies assigned to a particular industry or group of industries, the Fundwill seek to concentrate its investments in such industry or group of industries to approximately the same extent as the Index. As of June 30, 2024, the equity securities of companies domiciledin or otherwise tied to Europe, particularly Germany, France, the Netherlands and Spain, comprised a significant portion (e.g.,approximately 15% or more of the Index’s total weight) of the Index, although the Index’s geographic exposure may changefrom time to time. As a result, the Fund can be expected to also have significant exposure to these countries and/or regions. The Index “hedges” against, or seeks to minimize theimpact of, fluctuations in the relative value of the euro and the U.S. dollar. The Index is designed to have higher returns than an equivalentun-hedged investment in European equity securities when the U.S. dollar is going up in value relative to the euro. Conversely, the Indexis designed to have lower returns than an equivalent un-hedged investment in European equity securities when the U.S. dollar is fallingin value relative to the euro. To hedge its currency exposure to the euro, the Index applies a published one-month forward rate of theeuro in U.S. dollars to the Index’s total equity exposure. If a country that had previously adopted the euro as its official currencywere to revert back to its local currency, the country would remain in the Index and the Index would be hedged in such local currencyas soon as practicable after forward rates become available for such currency. Currency forward contracts and/or currency futures contracts areused to hedge the Fund’s exposure to the euro. The contract value of currency forward contracts and currency futures contractsin the Fund is based on the aggregate exposure of the Fund and Index to the euro. While this approach is designed to minimize the impactof currency fluctuations on Fund returns, it does not necessarily eliminate the Fund’s exposure to all currency fluctuations. Thereturn of the currency forward contracts and currency futures contracts held by the Fund may not fully hedge or completely offset theFund’s exposure to the euro or fluctuations in its value relative to that of the U.S. dollar.