Investor Presentaiton

Japanese Equities More Tilted Towards Cyclicals than U.S. + Japan's equity market doesn't have the same mega-cap tech companies that dominate its indices + Japanese equities are much more tilted to cyclical sectors Sector WT Japan Hedged Equity MSCI Japan S&P 500 Cyclical 63.3% 54.3% 33.7% Energy 2.1% 0.6% 2.8% Materials 8.4% 5.2% 2.7% Industrials 19.5% 21.1% 8.9% Financials 15.8% 9.1% 11.3% Consumer Cyclical 17.5% 18.3% 8.0% Growth/Defensive 36.7% 45.7% 66.3% Consumer Growth/Defensive* 8.3% 7.5% 10.6% Health Care 10.4% 10.0% 13.0% Information Technology 13.3% 13.7% 26.6% Utilities 0.2% 1.3% 2.7% Real Estate 0.0% 3.6% 2.5% Communication Services 4.5% 9.6% 10.9% Source: Wisdom Tree, FactSet, MSCI, S&P, 3/31/2021. *Consumer Growth/Defensive includes Consumer Staples sector and Internet & Direct Marketing Retail industry. Consumer Cyclical includes the Consumer Discretionary sector ex- Internet & Direct Marketing Retail industry. You cannot invest directly in an index. 24

View entire presentation