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 Fund Information for Mutual of America's Separate Account No. 2
2025 Retirement Fund |
| This Separate Account Fund invests in the 2025 Retirement Fund of Mutual of America Investment Corporation ("Investment Company") which seeks current income and capital appreciation appropriate for the asset allocation associated with its target retirement date. The Underlying Fund invests in Investment Company Funds in proportions that are balanced to meet the current target of the Fund, which will move toward preservation of capital and production of income as the target retirement date approaches. | |
Fund Information for Mutual of America's Separate Account No. 2
2025 Retirement Fund |
| The Fund invests in shares of other series of the Investment Company (“IC Funds”) in proportions that are balanced to meet the objective of the Fund, which will move toward preservation of capital and production of income as the Target Retirement Date approaches.
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Fund Information for Mutual of America's Separate Account No. 2
2025 Retirement Fund |
| An investment in the Fund is subject to the following risks which are described in more detail in the Prospectus.
- General risk: The Fund may not achieve its investment objective. An investment in the Fund could decline in value, and you could lose money by investing in the Fund.
- Underlying Fund risk: A Fund’s ability to achieve its investment objective will depend largely on the performance of the selected underlying funds. There can be no assurance that either the Fund or the underlying funds will achieve its investment objective. A Fund is subject to the same risks as the underlying funds in which it invests. Although the proportion changes over time to meet the Fund’s investment objective, currently the Fund has more stock risk than fixed income risk. These risks include Company, Market, Small-Cap, Mid-Cap, Value Stock, Growth Stock and Stock risks, which are all described in detail in the “Principal Risks” section of the prospectus.
- Fixed Income risk: The value of your investment will go up or down depending on movements in the bond markets. The Fund’s investment results may differ from the results of a comparable bond market and from the results of other funds that invest in the same types of securities. Mortgage-backed securities or certificates are subject to prepayment or extension risk when interest rates fall or rise, respectively. The prices of debt securities may be subject to significant volatility. Fixed income securities have an inverse relationship to interest rates, such that as interest rates rise, bond values decrease. During economic uncertainty, the value of corporate debt securities may decline relative to the value of U.S. government debt securities. Debt obligations are subject to the risk that issuers may not be able to pay off the principal and interest when due.
- Company risk: The price of the stock of a particular company can vary based on a variety of factors, such as the company’s financial performance, changes in management and product trends, and the potential for takeover and acquisition. The equity securities of smaller companies may not be traded as often as for larger companies, therefore it may be difficult to trade securities at a desirable price. Investments in companies with small market capitalizations generally offer greater opportunities for appreciation, but are associated with more risks than for more established companies.
- Market risk: The risk that prices of securities will go down because of the interplay of market forces may affect a single issuer, industry or sector of the economy or may affect the market as a whole.
- Small-Cap risk: Small-cap stocks generally are subject to greater, less predictable price changes than securities of companies with larger market capitalizations.
- Mid-Cap risk: Mid-cap stocks experience more market risk and sharper price fluctuations than for large-cap stocks due to the fact that the earnings of mid-size companies tend to be less predictable and the stocks are traded less frequently. At times it may be difficult for a Fund to sell mid-cap stocks at a price equal to their value.
- Value Stock risk: Value stocks are generally undervalued in the marketplace, with high dividends and low prices relative to standard measures. Value stocks may remain undervalued.
- Growth Stock risk: Growth stocks generally have above average growth potential, low dividends and high prices relative to standard measures. Growth stocks may not outperform value style investing.
- Stock risk: The value of your investment will go up or down, depending on movements in the stock markets. The investment results may be better or worse than the results for the stock markets taken as a whole, or than the results of other funds that invest in the same types of securities. It may be more difficult for the Fund to sell a small capitalization stock or any stock that trades “over-the-counter”, than a larger capitalization stock or stocks that trade on a national or regional stock exchange.
- Retirement Fund risk:
- The fund is subject to the same risks as the underlying IC Funds in which it invests.
- The Retirement Fund is a "fund of funds" where the allocations shift and there is no guarantee that the allocations in the Retirement Fund of the IC Funds will prove to be correct under all market and economic conditions. An investment in the Retirement Fund could decline in value, and you could lose money by investing in the Retirement Fund.
- The Retirement Fund has assets allocated across equity and fixed income IC Funds, and is subject to the risks of investing in both equity and fixed income securities. The Retirement Fund has assets allocated to the International Fund and is subject to the risks of investing in international securities.
- The Retirement Income Fund can allocate 41% of its assets, which can vary by plus or minus 10%, to equity IC Funds at the time the Target Retirement Date is reached and thereafter.
- The appropriate Retirement Fund should suit your anticipated date of retirement, as well as your tolerance for risk and your personal financial goals. An investor with high risk tolerance may prefer a later Target Retirement Date with greater emphasis on capital appreciation; while an investor with lower risk tolerance may prefer an earlier Target Retirement Date with greater emphasis on capital preservation and current income.
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Fund Information for Mutual of America's Separate Account No. 2
2025 Retirement Fund |
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TOTAL RETURN PERFORMANCE DATA
FOR MUTUAL OF AMERICA SEPARATE ACCOUNT NO. 2
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| AS OF 05/20/2013 |
| Year to Date |
11.30% |
| FOR PERIODS ENDED 4/30/2013 |
| Prior 3 Months |
4.78%
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| ANNUALIZED |
| Prior 1 Year |
11.61%
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| Prior 3 Years |
8.89%
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| Prior 5 Years |
4.61%
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| Prior 10 Years* |
3.17%
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| Date of Inception1 |
11/5/2007 |
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* Or since inception if the Fund has been in existence for less than 120 months. | |
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1 Date of Inception shown is the date the Underlying Fund became available
to the Separate Account, in accordance with a current SEC staff position. An Underlying
Fund may have begun operations at an earlier date.
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The performance data shown above represent past performance, which is not a guarantee of future results. Investment returns and unit values will fluctuate so that units, when redeemed, may be worth more or less than their original cost. Investment Fund total return performance currently may be lower or higher than the figures stated above. The total return performance data are based on a hypothetical investment of $1,000, which is redeemed at the end of the periods shown. The total return figures reflect the reinvestment of investment income and capital gains and losses, and are net of expenses which include a contract fee, an expense risk fee, administrative charges, a distribution expense charge and Underlying Funds fees and expenses. Before investing in our variable accumulation annuity contracts, you should consider the investment objectives, risks, charges and expenses (a contract fee, Separate Account expenses and Underlying Funds expenses) carefully. This and other information is contained in the contract prospectus or brochure and Underlying Funds prosectuses. Please read the prospectuses and brochure carefully before investing. The prospectuses and brochure can be obtained by mail or by calling 1-800-468-3785. The total return figures for periods extending beyond a year are average rates of return and do not reflect the Funds' actual year-to-year results, which varied over the periods shown. Contributions or withdrawals made within a period would experience different rates of return based on the unit values on the dates of such transactions.
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Fund Information for Mutual of America's Separate Account No. 2
2025 Retirement Fund |
| Portfolio Turnover Rate(%): 3%*
*Excludes all short-term securities.
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Portfolio Information for the 2025 Retirement Fund
of Mutual of America Investment Corporation | Asset Allocation as of 4/30/2013
(reflects most recent information available) | Return to Top
| | | | | | | | | |  | | Asset Type | % of Portfolio | | Equity Funds | 71% | | Fixed Income Funds | 29% | | | |
The above Portfolio Information is provided to illustrate the types of securities in which the Portfolio may invest. The information is subject to change and may not represent the Portfolio's current or future holdings.
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Portfolio Information for the 2025 Retirement Fund
of Mutual of America Investment Corporation | | | | | | |
Paul Travers, Senior Vice President of the Adviser, is the portfolio manager of the Mutual of America Investment Corporation Retirement Funds. Mr. Travers joined Mutual of America in 1984. He has approximately 25 years of experience in the investment management industry.
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Before investing in our variable accumulation annuity contracts, you should consider the investment objectives, risks, charges and expenses (a contract fee, Separate Account expenses and Underlying Funds expenses) carefully. This and other information is contained in the contract prospectus or brochure and Underlying Funds prospectuses. Please read the prospectuses and brochure carefully before investing. The prospectuses and brochure can be obtained by mail or by calling 1-800-468-3785
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