Slide 1: European Opportunities
June 2026 European Opportunities WisdomTree European Opportunities Index
Slide 2: WisdomTree Company Overview
WisdomTree Company Overview Who We Are WisdomTree is a global financial innovator, empowering investors to shape their future and supporting financial professionals to better serve their clients and grow their businesses. WisdomTree Solutions WisdomTree manages $160.9 billion* in exchange- traded pr
Slide 3: WisdomTree Modern Alpha
WisdomTree Modern Alpha® Modern Alpha combines the outperformance potential of active with the benefits of passive —to offer investors strategies that ar e built to perform. Modern Alpha Low Cost* Legacy Alpha Legacy Beta Transparent Investment Higher Cost Low Cost Process Black Box Transparent Inve
Slide 4: WisdomTree Research Team
WisdomTree Professor Jeremy Siegel, PhD Senior Economist to WisdomTree Jeremy Schwartz, CFA Global CIO Christopher Gannatti, CFA Global Head of Research Research and Emeritus Professor of Finance, The Wharton School of the University of Pennsylvania Team Kevin Flanagan Jeff Weniger, CFA Rick Harper
Slide 5: WisdomTree European Opportunities Fund (OPPE)
WisdomTree European Opportunities Fund (OPPE) The WisdomTree European Opportunities Fund (OPPE) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree European Opportunities Index Key Fund Facts Index WisdomTree European Opportunities Index Index Base Date 4/30/2
Slide 6: Table of Contents
1. European Macro Backdrop 2. European Opportunities Index Table of 3. Shareholder Yield Sleeve Contents 4. GeoAlpha Sleeve: Geopolitical and Global Policy Shifts 5. Dynamic Currency Hedging Overlay European Opportunities 6
Slide 7: European Macro Backdrop
1. European Macro Backdrop European Opportunities 7
Slide 8: MSCI Europe (USD) Lagged the S&P 500 over 10 Years; Flipped in 2025
Performance Shift: MSCI Europe (USD) Heavily Lagged the S&P 500 over the Last 10-Years—That Performance Difference Flipped to Start 2025 + The S&P 500 outperformed MSCI Europe (USD) 8 out of the last 11 calendar years + European equities rallied to start 2025 on the back of positive fiscal stimulus
Slide 9: U.S. Exceptionalism? S&P 500 Performance Relative to International Equities
U.S. Exceptionalism? S&P 500 Performance Relative to International Equities Cumulative Total Returns (USD), 10/12/22 —6/30/2026 + Tremendous gains in the S&P 500 in recent years overshadowed positive trends in International Equities + After a strong start for European equities in 2025 and weak perfo
Slide 10: Thematic Index Returns – Select European Indexes Beat US Growth Stocks
Thematic Index Returns – Select European Indexes Beat US Growth Stocks Cumulative Total Returns (USD), 10/12/22 —6/30/2026 + Most U.S. investors have been focused on growth over value investing over the last two calendar years + Within U.S. growth, most of the gains in the market have been led by th
Slide 11: European Equities Valuation Discount to US Equities
European Equities Have Historically Traded at a Discount to US Equities—Current Valuation Discount Even Lower than the Historical Median Forward P/E Ratio Valuations – as of 6/30/26 Europe Historical U.S. Current Europe Current U.S. Historical Median Median 21.2x 15.3x 17.3x 14.2x + European equitie
Slide 12: Trailing 10-Year Return Decomposition as of 6/30/2026
Trailing 10-Year Return Decomposition as of 6/30/2026 + S&P 500 returns roughly doubled the returns of European equities over the last decade + S&P 500 returns were supported largely by strong Sales Growth and Multiple Expansion + European equities faced Multiple Contraction for most of the 10-year
Slide 13: Return of Stimulus
Return of Stimulus + Historic shift in defense spending across the European Continent and U.K. + “What gets spent by Germany does not necessarily stay in Germany.” Defense spending will be tailwind for many companies and countries. + Many technologies developed for defense purposes will be “dual use
Slide 14: “Whatever It Takes” 2.0
“Whatever It Takes” 2.0 + This is not rhetoric. It is real spending on real capabilities. + Rheinmetall is a beneficiary, but it is not the only one. + Rheinmetall’s backlog grew 44% in 2024. There is more demand than capacity for defense products and build out. Sources: WisdomTree, Rheinmetall AG E
Slide 15: European Opportunities Index
2. European Opportunities Index European Opportunities 15
Slide 16: WisdomTree European Opportunities Index Methodology
WisdomTree European Opportunities Index Methodology Companies are screened for the following eligibility requirements: + Median daily dollar volume greater than $100,000 and trade at least 250,000 shares per month for prior three months and six months, respectively Eligibility + Component companies
Slide 17: WisdomTree European Opportunities Index Investment Process
WisdomTree European Opportunities Index Investment Process Starting Universe 338 Companies Top 10 Holdings Sector Country Weight Glencore plc Materials GB 2.4% ABB Ltd. Industrials CH 2.4% ArcelorMittal SA Materials FR 2.4% Consumer Zalando SE DE 2.3% Highest Shareholder Yield GeoAlpha Selections Di
Slide 18: WisdomTree European Opportunities Index Characteristics
WisdomTree European Opportunities Index Characteristics Data as of June 30th, 2026 WisdomTree Europe MSCI Europe Characteristics MSCI Europe Opportunities Value Size Weighted Avg. Market Cap $56.9 $120.5 $150.9 ($bn) Number of Holdings 90 233 397 Valuation Dividend Yield 4.0% 3.8% 2.7% Net Buyback Y
Slide 19: WisdomTree European Opportunities Index Sector Exposures
WisdomTree European Opportunities Index Sector Exposures Data as of June 30, 2026 Source: WisdomTree, FactSet, MSCI. You cannot invest directly in an index. European Opportunities 19
Slide 20: WisdomTree European Opportunities Index Country Exposures
WisdomTree European Opportunities Index Country Exposures Data as of June 30th, 2026 Source: WisdomTree, FactSet, MSCI. You cannot invest directly in an index. European Opportunities 20
Slide 21: Shareholder Yield Investing
3. Shareholder Yield Investing European Opportunities 21
Slide 22: MSCI Europe Shareholder Yield vs. S&P 500 Shareholder Yield
MSCI Europe Shareholder Yield vs. S&P 500 Shareholder Yield Sources: WisdomTree, FactSet, MSCI, S&P, as of 6/30/2026. Historical median based on last 10-years. Shareholder Yield = Dividend Yield + Net Buyback Yield. You cannot invest directly in an index. European Opportunities 22
Slide 23: European Companies Increasingly Turned to Buybacks for Returning Capital
European Companies Have Increasingly Turned to Buybacks—in Addition to Dividends—for Returning Capital to Shareholders Sources: WisdomTree, FactSet, MSCI, 4/28/95-6/30/26. Percentage of MSCI Europe by weight. You Sources: WisdomTree, FactSet, MSCI , 4/30/05-6/30/26. Payouts as a percentage of traili
Slide 24: Highest Shareholder Yield European Companies Outperformed Over 20+ Years
The Highest Shareholder Yield European Companies Outperformed the Lowest Shareholder Yield Companies by a Wide Margin over the Last 20+ Years Cumulative Total Returns (USD), 3/31/02 —4/30/2025 + MSCI Europe constituents MSCI Europe Quintiles Return Volatility 1st Quintile (Highest Shareholder Yield)
Slide 25: WisdomTree European Opportunities Index
WisdomTree European Opportunities Index Starting Universe: Screen out Value Traps, European Mid- and Large Low Conviction Buybacks, Final Portfolio2 Cap Companies1 Low Shareholder Yield1 250 Companies Excluded 90 Companies Included 338 Companies Price -to-Earnings: 14.9x Price -to-Earnings: 14.5x Pr
Slide 26: Screening out Value Traps, Low Conviction Buybacks, Low Shareholder Yield
Screening out Value Traps, Low Conviction Buybacks, Low Shareholder Yield + Mitigate exposure to value traps + Mitigate exposure to companies that + Isolate companies in the top 30% on using a composite risk score that rank poorly on reducing shares returning cash to shareholders considers the below
Slide 27: Composite Risk Score (CRS)
Composite Risk Score (CRS) + The Composite Risk Score uses Quality and Momentum scores to identify the riskiest companies Quality* Static: Dynamic: Better quality stocks have tended to + Last Return on Equity (ROE) + ROE Trend outperform + Last Return on Assets (ROA) + ROA Trend Selecting stocks bas
Slide 28: GeoAlpha: Geopolitical and Global Policy Shifts
4. GeoAlpha: Geopolitical and Global Policy Shifts European Opportunities 28
Slide 29: Geopolitical and Global Policy Shifts – Beginning at Elevated
Geopolitical and Global Policy Shifts – Beginning at Elevated Source: WisdomTree, Bloomberg as of 6/30/2026. Geopolitical Risk Index = Caldara Iacoviello Geopolitical Risk (GPR) Uncertainty Index. Geopolitical Threat Index = Caldara Iacoviello Geopolitical Risk (GPR) Daily Threats Index. European Op
Slide 30: GeoAlpha Sleeve Weights
Geopolitical and Global Policy Shifts Matter in Portfolios Too – GeoAlpha Sleeve Weights (1/3 of Total Index Weights) Companies positioned to benefit from geopolitical considerations - + supply chain changes Geopolitical events 25 -50% Allocation + defense spending and alliances + trade and tariff pol
Slide 31: Example holdings
Example holdings Country of Domicile Switzerland Core Business Segments - Electrification Tilting toward the - Automation tailwinds of a European Market Cap USD 197,443mil Renaissance of Liquidity High technology and Theme Geopolitical Events infrastructure Revenue Exposure: Geographical Exposure -
Slide 32: Dynamic Currency Hedging
5. Dynamic Currency Hedging European Opportunities 32
Slide 33: Currency Hedging Can Mitigate Risk
Currency Hedging Can Mitigate Risk Hedging Mechanism Currency Weight Currency Hedge Ratio + The Index dynamically hedges currency exposures in Index between 0% to 100% on a monthly basis based on the EUR 50.5% 0% following signals: GBP 23.5% 0% ‒ Idiosyncratic Currency Momentum (i.e. the targeted cu
Slide 34: As the Dollar Weakens (Strengthens) the Model Will Be Less (More) Hedged
As the Dollar Weakens (Strengthens) the Dynamic Currency Hedging Model will be Less (More) Hedged Versus Foreign Currencies + The EUR/USD pair and the one- month/three-month moving averages are shown as an example of how trends in the currency impact the hedging model + Currency hedges are adjusted
Slide 35: Positive Carry—Currency Hedging Across Major European Currencies
Positive Carry—Currency Hedging Comes with a Positive Carry Across Major European Currencies Date of Last New Target Central Bank Action Taken Decision Rate (%) Federal June 17, 2026 Maintain 3.75% Reserve (U.S.) European June 11, 2026 Rate Hike 2.25% Central Bank Bank of June 18, 2026 Maintain 3.75
Slide 36: Standardized Performance
6. Standardized Performance European Opportunities 36
Slide 37: WisdomTree European Opportunities Fund Performance
WisdomTree European Opportunities Fund* Performance Data as of June 30th, 2026 Cumulative Returns Average Annual Total Returns as of June 30th, 2026 Name QTD YTD 1-Year 3-Year 5-Year 10-Year Since Inception WisdomTree European Opportunities Fund (NAV) 7.27% 10.86% 23.70% 22.58% 14.02% 12.97% 11.09%
Slide 38: Important Information
Important Information Please see the WisdomTree Glossary for definitions of terms and indexes. This information must be preceded or accompanied by a prospectus or, if available, the summary prospectus. We advise you to consider the Fund’s objectives, risks, charges and expenses carefully before inve