Fidelity® VIP Asset Manager Portfolio

Fidelity Investments



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
Fidelity® VIP Asset Manager Portfolio

Investment Objective

The fund seeks to obtain high total return with reduced risk over the long term by allocating its assets among stocks, bonds, and short-term instruments.


Principal Investment Strategies

  • Allocating the fund's assets among three main asset classes: the stock class (equity securities of all types, including funds that invest in such securities), the bond class (fixed-income securities of all types maturing in more than one year, including lower-quality debt securities which are sometimes referred to as high yield debt securities or junk bonds, and funds that invest in such securities), and the short-term/money market class (fixed-income securities of all types maturing in one year or less, including funds that invest in such securities).
  • Maintaining a neutral mix over time of 50% of assets in stocks, 40% of assets in bonds, and 10% of assets in short-term and money market instruments.

  • Adjusting allocation among asset classes gradually within the following ranges: stock class (30%-70%), bond class (20%-60%), and short-term/money market class (0%-50%).

  • Investing in domestic and foreign issuers.

  • Investing in Fidelity’s central funds (specialized investment vehicles used by Fidelity® funds to invest in particular security types or investment disciplines).


Principal Investment Risks

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

Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market, including different market sectors, and different types of securities can react differently to these developments.

Interest Rate Changes. Interest rate increases can cause the price of a debt security to decrease.

Foreign Exposure. Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile. Foreign exchange rates also can be extremely volatile.

Prepayment. The ability of an issuer of a debt security to repay principal prior to a security’s maturity can cause greater price volatility if interest rates change.

Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.

You could lose money by investing in the fund.


Performance

TOTAL RETURN PERFORMANCE DATA
FOR MUTUAL OF AMERICA GROUP PRODUCTS (EXCEPT DEFINED BENEFIT AND PENSION INVESTMENT CONTRACT), SEP AND SIMPLE CONTRACTS SEPARATE ACCOUNT NO. 2 - STANDARD PRICING
AS OF 8/23/2019
periodvalue
Year to Date 9.30%
FOR PERIODS ENDED 07/31/2019
periodvalue
Prior 3 Months 1.13%
ANNUALIZED
periodvalue
Prior 1 Year 2.43%
Prior 3 Years 5.28%
Prior 5 Years 3.47%
Prior 10 Years 6.62%
Date of Inception1: 05/01/1995

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 important information displayed below is being provided to help you compare the interest and investment options made available under your retirement plan. If you want additional information about your options, or to receive a free paper copy of the information displayed below, you should contact your plan administrator. You can also view a glossary of financial terms on this site.

You may select any of the investment fund links to view additional information about a specific fund, including the fund objective, investment strategy, investment risk, investment performance, portfolio turnover rate, industry allocation, top holdings and the manager biography.

Portfolio Information for the Fidelity® VIP Asset Manager Portfolio
Portfolio Turnover Rate

Portfolio Turnover Rate(%): 26%*

*Excludes all short-term securities.


Asset Allocation as of 6/30/2019
(reflects most recent information available)
Asset Type% of Portfolio
Equities56.4%
Fixed Income36.8%
Cash6.8%

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.

Equity Industry Allocation as of 6/30/2019
Industry% of Equity Holdings
Cash 0.0%
Materials3.5%
Industrials10.3%
Communication Services7.9%
Consumer Discretionary10.5%
Consumer Staples7.0%
Energy4.9%
Financials18.8%
Healthcare12.1%
Information Technology16.6%
Real Estate5.4%
Utilities3.0%

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.

Fixed Income Sector Allocation as of 6/30/2019
Sector% of Fixed Income
Holdings
Cash and Other11.4%
U.S. Govt. Treasuries38.9%
U.S. Govt. Agencies0.0%
Mortgage Backed19.4%
Corporates27.0%
Foreign & Yankee0.0%
Utilities0.0%
Municipals0.0%
Asset/Commercial Mtge Backed3.3%
Telephone0.0%
Intl0.0%
Other0.0%

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.

Fixed Income Quality as of 6/30/2019
Rating% of Fixed Income
Holdings
AAA1.4%
AA62.1%
A13.1%
BBB17.9%
BB3.2%
B2.0%
CCC and Below0.3%
Not Rated/Not Available0.0%

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 6/30/2019
(reflects most recent information available)

Company % of Portfolio

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

Avishek Hazrachoudhury is co-manager of the fund, which he has managed since April 2018. He also manages other funds. Since joining Fidelity Investments in 2013, Mr. Hazrachoudhury has worked as a quantitative analyst and portfolio manager.

Geoff Stein is co-manager of the fund, which he has managed since June 2009. He also manages other funds. Since joining Fidelity Investments in 1994, Mr. Stein has worked as director of the Portfolio Analysis Group, director of Portfolio Strategy for Strategic Advisers LLC, and portfolio manager.


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

Interest Account

Investment Options