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
MFS® VIT III Mid Cap Value Portfolio
Investment ObjectiveReturn to Top

The fund’s investment objective is to seek capital appreciation.

Principal Investment StrategiesReturn to Top

MFS (Massachusetts Financial Services Company, the fund's investment adviser) normally invests at least 80% of the fund's net assets in issuers with medium market capitalizations. MFS generally defines medium market capitalization issuers as issuers with market capitalizations similar to those of issuers included in the Russell Midcap® Value Index (the "Index") over the last 13 months at the time of purchase. As of March 31, 2018, the range of the market capitalizations of the issuers in the Index was between approximately $813.1 million and $41.9 billion.

MFS normally invests the fund's assets primarily in equity securities. Equity securities include common stocks, equity interests in real estate investment trusts (REITs), and other securities that represent an ownership interest (or right to acquire an ownership interest) in a company or other issuer.

MFS focuses on investing the fund's assets in the stocks of companies it believes are undervalued compared to their perceived worth (value companies).

MFS may invest the fund's assets in foreign securities.

MFS normally invests the fund's assets across different industries and sectors, but MFS may invest a significant percentage of the fund's assets in issuers in a single industry or sector.

MFS uses an active bottom-up investment approach to buying and selling investments for the fund. Investments are selected primarily based on fundamental analysis of individual issuers. Quantitative models that systematically evaluate issuers may also be considered.

For purposes of the fund's 80% policy, net assets include the amount of any borrowings for investment purposes.

Principal Investment RisksReturn to Top

As with any mutual fund, the fund may not achieve its objective and/or you could lose money on your investment in the fund. An investment in the fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency.

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

The principal risks of investing in the fund are:

  • Equity Market/Company Risk: Equity markets are volatile and can decline significantly in response to, or investor perceptions of, issuer, market, economic, industry, political, regulatory, geopolitical, and other conditions. These conditions can affect a single issuer or type of security, issuers within a broad market sector, industry or geographic region, or the equity markets in general. Certain events can have a dramatic adverse effect on equity markets and may lead to periods of high volatility in an equity market or a segment of an equity market.

  • Value Company Risk: The stocks of value companies can continue to be undervalued for long periods of time and not realize their expected value and can be more volatile than the market in general.

  • Mid Cap Risk: The stocks of mid cap companies can be more volatile and their shares can be less liquid than those of larger companies.

  • Foreign Risk: Exposure to foreign markets through issuers or currencies can involve additional risks relating to market, economic, industry, political, regulatory, geopolitical, and other conditions. These factors can make foreign investments, especially those in emerging and frontier markets, more volatile and less liquid than U.S. investments. In addition, foreign markets can react differently to these conditions than the U.S. market.

  • Real Estate Investment Trust Risk: The risks of investing in REITs include certain risks associated with the direct ownership of real estate and the real estate industry in general. These include risks related to general, regional and local economic conditions; difficulties in valuing and disposing of real estate; fluctuations in interest rates and property tax rates; shifts in zoning laws, environmental regulations and other governmental action; cash flow dependency; increased operating expenses; lack of availability of mortgage funds; losses due to natural disasters; overbuilding; losses due to casualty or condemnation; changes in property values and rental rates; the management skill and creditworthiness of the REIT manager; and other factors. The securities of smaller real estate­related issuers can be more volatile and less liquid than securities of larger issuers and their issuers can have more limited financial resources.

  • Focus Risk: Issuers in a single industry, sector, country, or region can react similarly to market, currency, political, economic, regulatory, geopolitical, and other conditions, and the fund's performance will be affected by the conditions in the industries, sectors, countries and regions to which the fund is exposed.

  • Liquidity Risk: It may be difficult to value, and it may not be possible to sell, certain investments, types of investments, and/or investments in certain segments of the market, and the fund may have to sell certain of these investments at prices or times that are not advantageous in order to meet redemptions or other cash needs.

  • Investment Selection Risk: MFS's investment analysis and its selection of investments may not produce the intended results and/or can lead to an investment focus that results in the fund underperforrning other funds with similar investment strategies and/or underperforrning the markets in which the fund invests.

Performance Return to Top

AS OF 12/14/2018
Period to Date -8.76%
Prior 3 Months -6.51%
Prior 1 Year N/A
Prior 3 Years N/A
Prior 5 Years N/A
Prior 10 Years* -2.34%
Date of Inception1 7/2/2018

* Or since inception if the Fund has been in existence for less than 120 months.

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.

Portfolio Information for the MFS® VIT III Mid Cap Value Portfolio
Portfolio Turnover RateReturn to Top

Portfolio Turnover Rate(%): N/A%*

*Excludes all short-term securities.

Industry Allocation as of 9/30/2018
Return to Top

  Industry Allocation
Industry % of Portfolio
Consumer Staples5.7%
Special Products & Services4.1%
Autos & Housing3.9%
Basic Materials7.1%
Industrial Goods & Services9.9%
Health Care6.2%
Utilities & Communications10.2%
Financial Services28.1%
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 9/30/2018
(reflects most recent information available)
Return to Top

Company % of Portfolio
Hartford Financial Services Group Inc./The1.3%
Nasdaq Inc.1.3%
L3 Technologies Inc.1.2%
Andeavor (EQ)1.2%
Huntington Bancshares Inc./OH1.1%
Suntrust Banks Inc.1.1%
Fidelity National Information Services I1.1%
Zimmer Biomet Holdings Inc.1.1%
Stanley Black & Decker Inc.1.1%

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

Kevin Schmitz, Portfolio Manager, employed in the investment area of MFS since 2002.

Brooks Taylor, Portfolio Manager, employed in the investment area of MFS since 1996.

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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