WCLD

About WCLD

The Fund employs a “passive management” – orindexing – investment approach designed to track the performance of the Index. The Fund generally uses a representative samplingstrategy to achieve its investment objective, meaning it generally will invest in a sample of the securities in the Index whose risk,return and other characteristics resemble the risk, return and other characteristics of the Index as a whole. Under normal circumstances,at least 80% of the Fund’s total assets (exclusive of collateral held from securities lending) will be invested in constituentsecurities of the Index and investments that have economic characteristics that are substantially identical to the economic characteristicsof such constituent securities.Cloud computing is a term used to describe the delivery, through theInternet, of computing services, which can include servers, storage, databases, networking, software, analytics, and intelligence. TheIndex is provided by Nasdaq, Inc. (the “Index Provider”) and is designed to track the performance of emerging public companiesprimarily involved in providing cloud computing software and services to their customers, which derive the majority of their revenuesfrom business-oriented software products, as determined by Bessemer Venture Partners (“BVP”), that are both: (i) providedto customers through a cloud delivery model (e.g., hosted on remote and multi-tenant server infrastructure, accessed through aweb browser or mobile device, or consumed as an Application Programming Interface (“API”)); and (ii) provided to customersthrough a cloud economic model (e.g., a subscription-based, volume-based or transaction-based offering) (collectively, “CloudComputing Companies”). To be eligible for inclusion in the Index, a company must also meetthe following criteria as of the Index screening date: (i) have a revenue growth rate of at least 15% for each of the last two full fiscalyears for new Index constituents and a revenue growth rate of at least 7% in at least one of the last two fiscal years for existing Indexconstituents, each as determined by BVP; (ii) have its primary listing on a Nasdaq, New York Stock Exchange, Inc., or Cboe Global MarketsInc. exchange; (iii) have a minimum market capitalization of $500 million; and (iv) have a minimum three-month average daily trading volumeof $5 million.The Index also excludes companies based on environmental, socialand governance (“ESG”) criteria. The ESG criteria generally seeks to exclude from the Index’s eligible investment universecompanies that: (i) do not comply with the United Nations Global Compact Principles related to human rights, labor, the environment andanti-corruption; (ii) are involved directly or through corporate ownership in the production and/or distribution of, or the provisionof components or services for, controversial weapons (e.g., anti-personnel mines, biological and chemical weapons, and nuclearweapons); (iii) derive meaningful revenue (i.e., more than 5% of revenue) from small arms manufacture-, sales- and distribution-relatedactivities; (iv) manufacture tobacco products, supply tobacco-related products and/or services and/or derive meaningful revenue fromthe distribution and/or retail sale of tobacco products; or (v) derive meaningful revenue from oil and gas exploration activities inArctic regions, oil sands extraction activities, shale energy exploration and/or production activities, or thermal coal-based power generation-relatedactivities and/or extraction-related activities. The Index Provider has in the past modified, and may in the future further modify, theESG criteria applied to determine a company’s eligibility to be included in the Index. As a result, the foregoing list is qualifiedin its entirety by reference to the index methodology for the Index.The Index is reconstituted and rebalancedsemi-annually. Securities are equal-dollar weighted in the Index. WisdomTree, Inc. (“WisdomTree”), the parent company ofWisdomTree Asset Management, Inc. (“WisdomTree Asset Management” or the “Adviser”), 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 September 30, 2024, the Index had significant exposure (e.g.,approximately 15% or more of the Index’s total weight) to the Information Technology Sector.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 Fund will seek to concentrate its investments in such industry or group of industries to approximately the same extent as the Index.As of September 30, 2024, the equity securities of companies domiciledin or otherwise tied to the United States, comprised a significant portion (e.g., approximately 15% or more of the Index’stotal weight) of the Index, although the Index’s geographic exposure may change from time to time. As a result, the Fund can beexpected to also have significant exposure to this country.