Ameritas Investment Partners Inc

Item 5 – Fees and Compensation
Wrap Fee Accounts
Clients are charged an account fee calculated based on a percentage of the assets managed in their accounts. The standard fee schedules for
Private Clients, Mercury and Gemini accounts appear below. Such fees for all Wrap Fee Programs are all inclusive, and no fees for custody,
brokerage commissions, transaction costs, IAR advice, or other fees or expenses are charged. Transaction based assessments or taxes imposed by
governments, self-regulatory organizations, exchanges, etc. are not included in the wrap fee and will be passed through to the account holder. Fees
charged by the custodian that are related to AIP’s management of client accounts, including wire fees, liquidation fees, inactivity fees, and outgoing
account transfer fees, will be reimbursed to the client by AIP. A portion of account fees is paid to AIP for portfolio management and the remaining
portion is paid to AIC, AAS and its IAR. In certain cases, the portion of the account fee payable to AIC, AAS and its IAR will be reduced and, as a
result, a lower fee may be available to the account holder. Refer to the Wrap Fee Program Brochures for additional details regarding fees.
Account fees generally are payable quarterly in advance, as of the last business day of the previous quarter. Such accounts may be terminated at
any time on written notice. Fees generally are deducted from client assets by AIC and NFS and allocated to each affiliate based on an agreed-upon
percentage for the services provided.
If an Agreement is terminated within five (5) business days from the date of inception, all fees paid in advance will be refunded. If an account is
terminated during a quarter, fees will be prorated, and a refund issued to the client. Such accounts may be terminated at any time on written notice.
If the client invests or withdraws more than $100,000 in an account after the beginning of the calendar quarter or more than 50% of the value of an
account for accounts with account balances of $200,000 or less, the advisory fee will be recalculated and pro-rated as of the day of the additional
investment or withdrawal. If the investment or withdraw results in a change in advisory fees of more than $10, the advisory fee will be refunded. For
valuation purposes the assets will be treated as if they were held in the client’s account as of the end of the quarter. The client is responsible for
reviewing NFS’ fee deductions and reporting any discrepancies to AIP.
Mutual funds, ETFs, and other pooled investment companies (collectively, “Acquired Funds”) are recommended for certain of these accounts and
their value is included for purposes of calculating the account fee. You should understand that these Acquired Funds also pay advisory fees to their

AIP 1049	                                                              Page 7 of 2003-25-26

Ameritas Investment Partners, Inc.
Form ADV Part 2A – Firm Brochure                                                                                          SEC File Number: 801-55150

investment advisers and incur operating expenses that reduce the total return of Acquired Funds. These indirect fees and expenses are in addition to
your account fee.
If you own multi-share class mutual funds in a discretionary or non-discretionary account, AIP or AAS will direct the broker/dealer, clearing firm or
custodian of your account to convert the mutual fund shares you own to the lowest cost share class available to us for the same funds at no cost or
tax consequences to you. Such conversions will be made without notice.
AIP seeks mutual fund share classes for Program Accounts that do not charge 12b-1 distribution fees. However, to the extent that AIC, as the
Programs’ broker/dealer, receives 12b-1 fees in advisory accounts, such fees will be reimbursed to client accounts. Clients should verify the accuracy
of your advisory fee billings when you receive your account statements.
Account fees are allocated to each of AIP, AIC, AAS and the respective IAR based on an agreed-upon percentage for the services provided. Fees are
charged based on a percentage of your account value, and include all positions in the account including cash, money market funds and brokered
CDs unless specifically excluded by policy or by agreement with your IAR. The IAR receives compensation for providing various services to Program
investors, including: recommending the Program, assisting them in developing and maintaining investment objectives and asset allocation limits, and
ongoing financial planning. The amount of this compensation may be more than would be received if the investor participated in other programs of
the sponsor or paid separately for investment advice, brokerage, and other services. Therefore, the person recommending the Program to you may
have a financial incentive to recommend this investment Program over other programs or services.
AIC receives compensation from NFS monthly trading volume discounts, monthly margin interest, transition assistance, business development
credits, and payments to offset costs of AIC’s conferences and events.
AIC adds a markup to brokerage account charges and fees (“rebillable fees”) that are assessed to client accounts participating in programs that
utilize NFS as clearing firm and custodian for account assets. AIP does not reduce our advisory fees to offset these costs.
Transaction fees and account activity fees are outlined in the NFS Brokerage Account Fee Schedule provided by your IAR when you establish a
brokerage account with AIC and its clearing firm and custodian, NFS, and are subject to change without notice. Current transaction fee and activity
fees schedules are also posted at www.ameritas.com/investments/disclosures.
AIC retains net profits that result from the correction of trade errors in program accounts. All losses incurred by clients, due to error, will be removed
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Item 7 – Types of Clients
AIP provides investment advisory services to:
   • Affiliated and unaffiliated institutional clients, including:
       - G eneral Accounts of insurance companies.
       - S eparate Accounts of insurance companies.
       - Corporations.
       - Pension plans, Benefit Associations, and Retirement Accounts.
       - Charitable Organizations.
   • Registered investment companies of Calvert Variable Trust, Inc.
   • O ther Registered Investment Advisers.
   • Discretionary Investment (Wrap Fee) Program Accounts and Co-Advisory Accounts, including:
       - Individuals.
       - High net worth individuals.
       - Retirement Accounts (including IRAs).
       - Pension and Profit Sharing Plans.
       - Trusts.
       - Estates.
       - Charitable organizations.
       - S tate and local government entities.
       - Small businesses and others.
See Item 5, Fees and Compensation, for information regarding minimum account sizes.