Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2025

Summary of Revenues for Services Provided or Related to the Mutual Funds

Revenues for services provided or related to the mutual funds are as follows:


	Years Ended December 31
	2025			2024			2023
	(in thousands)
Investment advisory and services fees		$	1,672,641		$	1,597,253		$	1,377,916
Distribution revenues		796,897			711,156			575,647
Shareholder servicing fees		73,808			80,947			76,440
Other revenues		8,225			7,400			9,398
		$	2,551,571		$	2,396,756		$	2,039,401

Summary of Consolidated Financial Statements for Transactions with Related Parties

Aggregate amounts included in the consolidated financial statements for transactions with EQH and its subsidiaries, as of and for the years ended December 31, are as follows:


	Years Ended December 31
	2025			2024			2023
	(in thousands)
Revenues:
Investment advisory and services fees		$	201,341		$	180,511		$	165,748
Other revenues		574			566			617
		$	201,915		$	181,077		$	166,365
Expenses:
Commissions and distribution payments to financial intermediaries		$	3,770		$	3,645		$	3,492
General and administrative		2,113			2,362			2,909
EQH Facility Interest		16,670			25,976			37,304
Other		4,000			3,469			2,949
		$	26,553		$	35,452		$	46,654
Statement of Financial Condition:
Institutional investment advisory and services fees receivable		$	11,462		$	35,515
Prepaid expenses		513			543
Other due (to) from EQH and its subsidiaries		(2,835)			(2,800)
EQH Facility		(810,000)			(710,000)
		$	(800,860)		$	(676,742)