Related Party Transactions

12 Months Ended

Dec. 31, 2022

18. Related Party Transactions

The Company’s revenues are derived primarily from investment advisory agreements with related parties. Under these agreements, the Company has licensed to related parties the use of certain of its own indexes for the U.S. WisdomTree ETFs and WisdomTree UCITS ETFs. The Board of Trustees and Board of Directors (including certain officers of the Company) of the related parties are primarily responsible for overseeing the management and affairs of the entities for the benefit of their stakeholders and have contracted with the Company to provide for general management and administration services. The Company is also responsible for certain expenses of the related parties, including the cost of transfer agency, custody, fund administration and accounting, legal, audit, and other

non-distribution

services, excluding extraordinary expenses, taxes and certain other expenses, which are included in fund management and administration in the Consolidated Statements of Operations. In exchange, the Company receives fees based on a percentage of the ETPs’ average daily net assets. A majority of the independent members of the Board of Trustees are required to annually approve the advisory agreements of the U.S. WisdomTree ETFs and these agreements may be terminated by the Board of Trustees upon notice.

The following table summarizes accounts receivable from related parties which are included as a component of accounts receivable in the Consolidated Balance Sheets:


	December 31,
	2022		2021
Receivable from WTT	$	16,399	$	15,987
Receivable from ManJer Issuers		4,485		6,460
Receivable from WMAI and WTICAV		3,255		3,181

Total	$	24,139	$	25,628

The allowance for credit losses on accounts receivable from related parties is insignificant when applying historical loss rates, adjusted for current conditions and supportable forecasts, to the amounts outstanding in the table above. Amounts outstanding are all invoiced in arrears, are less than 30 days aged and are collected shortly after the applicable reporting period.

The following table summarizes revenues from advisory services provided to related parties:


	Years Ended December 31,
	2022		2021		2020

Advisory services provided to WTT	$	183,409	$	178,511	$	141,079
Advisory services provided to ManJer Issuers		96,606		108,862		94,199
Advisory services provided to WMAI and WTICAV		13,617		10,679		10,124
Advisory services provided to WTCS		—		—		628
Advisory services provided to WTAMC		—		—		365

Total	$	293,632	$	298,052	$	246,395

Pursuant to a license agreement between WisdomTree, Inc. (“WTI”) and WML to provide indices for a number of the sub-funds of WTICAV, WTI earned revenue amounting to €642 ($671), €612 ($710) and €313 ($429) for the years ended December 31, 2022, 2021 and 2020, respectively, which has been eliminated in consolidation. No other revenue was earned by WTI from license agreements to provide indices for use in the European Union during 2022, 2021 or 2020.

The Company also has investments in certain WisdomTree

products

of approximately $25,283 and $18,526 at

December 31, 2022 and 2021, respectively. Net unrealized and realized losses and gains related to trading WisdomTree products during the years ended December 31, 2022, 2021 and 2020 w

ere $(107), ($451) and $63, respectively, which are recorded in other losses and gains, net on the Consolidated Statements of Operations.