Fund Information   
 Investment ObjectivePrincipal Investment StrategiesPrincipal Investment Risks

Portfolio Information  
  Portfolio Turnover Rate Industry Allocation Top Ten Holdings  
  Manager Biography

Fund Information for Mutual of America's Group Products (Except Defined Benefit and Pension Investment Contract), SEP and SIMPLE Contracts Separate Account No. 2 - Standard Pricing
All America Fund
Investment ObjectiveReturn to Top

The Fund seeks to outperform the S&P 500® Index by investing in a diversified portfolio of primarily common stocks.

Principal Investment StrategiesReturn to Top

A portion of the Fund's assets is indexed and a portion is actively managed.

  • Approximately 60% of the Fund’s assets are invested in the 500 common stocks included in the S&P 500® Index to replicate, to the extent practicable, the weightings of such stocks in the Index with respect to that 60% of the Fund’s assets. The components of the index are market capitalization weighted, adjusted for free float. The Fund also purchases futures contracts on the S&P 500® Index to invest cash to attempt to efficiently and cost effectively keep this portion of the Fund fully invested on a daily basis in an attempt to minimize deviation from the performance of the S&P 500® Index. The indexed portion of the Fund is rebalanced at approximately the same time that the S&P 500® Index to which that portion of the Fund is benchmarked is rebalanced and reconstituted, which currently occurs on the third Friday of the last month of each quarter.

  • Approximately 40% of the Fund’s assets are managed by the Adviser, with approximately 20% of the Fund’s assets invested in large and mid-cap growth and value stocks, approximately 10% invested in small-cap growth stocks and approximately 10% in small-cap value stocks. The Adviser generally invests in stocks that it considers undervalued, or to have attractive growth potential, and with the potential for investment returns that outperform their peer companies.

Under normal circumstances, at least 80% of the Fund's total assets are invested in securities of companies that are listed or principally traded on a United States stock exchange.

Principal Investment RisksReturn to Top

An investment in the Fund is subject to the following risks which are described in more detail in the Statutory 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.

  • 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 prices of equity securities of smaller companies may fluctuate more than for more established companies. 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 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.

  • Index risk: The Fund's investment performance for the portion of the Fund invested in the stocks of the S&P 500® Index may not precisely duplicate the performance of the S&P 500® index due to factors such as operating and transaction costs, as well as weighting of each security in the index.

  • Futures risk: The Fund's investments in futures contracts may not exactly match the performance of the underlying index.

  • 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.

  • 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.

  • Large Cap risk: Larger, more established companies may be unable to respond quickly to new competitive challenges and also may not be able to attain the high growth rate of successful smaller companies.

  • 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 reasonable prices.

  • Small-Cap risk: Small-cap stocks generally are subject to greater, less predictable price changes than the securities of companies with larger market capitalizations.

  • 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.

Performance Return to Top

AS OF 5/20/2019
Year to Date 13.20%
Prior 3 Months 7.86%
Prior 1 Year 8.23%
Prior 3 Years 11.27%
Prior 5 Years 8.24%
Prior 10 Years 12.57%
Date of Inception1 1/1/1985

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.

The performance data shown 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.

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.

The All America Fund adopted its current asset allocation effective May 1, 2016.

Portfolio Information for the All America Fund
Portfolio Turnover RateReturn to Top

Portfolio Turnover Rate(%): 22%*

*Excludes all short-term securities.

Industry Allocation as of 4/30/2019
Return to Top

  Industry Allocation
Industry % of Portfolio
Communication Services8.1%
Consumer Discretionary10.2%
Consumer Staples5.4%
Health Care13.9%
Information Technology19.8%
Real Estate4.0%
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.

Top Ten Holdings as of 4/30/2019
(reflects most recent information available)
Return to Top

Company % of Portfolio
Microsoft Corp2.2%
Apple Inc2.0%, Inc.1.8%
Alphabet Inc.1.6%
Facebook Inc.1.0%
Berkshire Hathaway, Inc.0.9%
JP Morgan Chase & Co0.8%
Johnson & Johnson0.8%
Exxon Mobil Corp.0.8%
Visa Inc.0.6%

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.
Manager Biography Return to Top

Joseph R. Gaffoglio, Executive Vice President of the Adviser, joined the Adviser in 2005 and has approximately 20 years of experience in the financial industry. Mr. Gaffoglio’s primary focus has been quantitative research and risk management. He has been responsible for managing the Retirement Funds and Allocation Funds since 2014 and the large cap portions of the All America Fund and Composite Fund since May 2016.

Stephen J. Rich, Executive Vice President of the Adviser, joined the Adviser in February 2004, and has approximately 27 years of experience selecting securities for and managing equity portfolios.

Marguerite Wagner, Executive Vice President of the Adviser, joined the Adviser in 2005, and has approximately 33 years of experience selecting securities and managing portfolios.

Jamie A. Zendel, Vice President of the Adviser, handles indexed investments. Ms. Zendel joined the Adviser in July 2007 and has approximately 20 years of experience in the financial industry. Ms. Zendel has been responsible for the indexed portfolio of the All America Fund; for the Equity Index Fund, Mid Cap Equity Index Fund, and International Fund since 2014; and for the Small Cap Equity Index Fund since 2018.

Before investing, you should carefully consider the investment objectives, risks, charges and expenses of the variable annuity contract and the underlying investment funds. This and other information is contained in the contract prospectus or brochure and underlying funds prospectuses and summary prospectuses. Please read the contract prospectus or brochure and underlying fund prospectuses and summary prospectuses carefully before investing. The contract prospectus or brochure and underlying fund prospectuses and summary prospectuses can be obtained by mail or by calling 1-800-468-3785.

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