| A Simple Way to Invest |
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| Mutual of America Investment Corporation Retirement Funds provide a simple retirement strategy. They offer the advantage of a diversified "Fund of Funds" approach within a single fund, with the added benefit of professional asset allocation (the mix of stocks, bonds and money market funds) Each Retirement Fund will invest in certain other Mutual of America Investment Corporation Funds. |
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| Put another way, the Funds are designed to offer investors a plan that simplifies the asset allocation decision prior to, and continuing into retirement. Is a Retirement Fund right for you? |
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| Asset Allocation Made Easier |
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| The Retirement Funds that are geared to an estimated retirement date have an asset allocation mix among equities (stocks), fixed income (bonds) and short-term investments that is designed to be more aggressive for individuals with a larger time horizon to retirement, and becomes more conservative as you near retirement. |
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| Choose the Retirement Fund with a retirement date closest to when you want to retire. The professionals at Mutual of America Capital Management will manage your asset allocation for you consistent with each Fund's objective. Learn how the Retirement Funds' mix of equities, fixed income and money market funds changes over time. |
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| The Retirement Income Fund |
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| The Retirement Income Fund is intended for investors who have reached retirement or have passed their anticipated retirement year, and seeks current income consistent with preservation of income and, to a lesser extent, capital appreciation. |
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| The Retirement Income Fund is currently comprised of a mix of primarily fixed income funds (approximately 60% of the portfolio), equity funds (approximately 25% of the portfolio) and a money market fund (approximately 15% of the portfolio). |
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| When the Retirement Year is Reached |
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| Many investors can expect to live for a significant time period after retirement. Although capital preservation becomes a primary consideration during retirement, growth is also an important consideration to help offset the negative impact of inflation. |
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| As a result a year-specific Retirement Fund that has reached its target retirement date, may have as much as 45% of its assets invested in equities. |
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| Such a maturing Retirement Fund will move toward the allocation mix of the Retirement Income Fund over the 10-year period after the retirement year has been attained. |
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| At any time within 10 years after a Retirement Fund has reached its target retirement year, the assets may be transferred into the Retirement Income Fund if approved by the Board of Directors of Mutual of America Investment Corporation. The maturing Retirement Fund will then cease to exist, and its participants will automatically become participants in the Retirement Income Fund. |
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| The pie charts show each Retirement Funds' target allocation by asset class as of the Funds' inception date. Mutual of America Capital Management Corporation, the Advisor, may from time to time adjust the percentage of assets invested in any specific Investment Company Fund held by a Retirement Fund as well as the specific Mutual of America Investment Corporation ("Investment Company") Funds themselves. These target allocations are not expected to vary from the charts by more than plus or minus 10 percentage points. Although the Retirement Funds will not generally vary beyond the 10 percentage point target allocation range, a Retirement Fund may at times determine, in light of market or economic conditions, that this range should be exceeded to protect the Retirement Fund or help it to achieve its objective, |
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| As an example of the operation of the Retirement Funds, if a shareholder invested in the 2035 Retirement Fund in 2007, in approximately five years, in 2012, that Fund should have substantially the same mix of investments as shown for the 2030 Retirement Fund. The other Retirement Funds, except for the Retirement Income Fund, will operate in the same way. There is no guarantee that a Retirement Fund will correctly predict market or economic conditions and, as with other fund investments, you could lose money. |