Fidelity® VIP Equity-Income 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 Equity-Income Portfolio

Investment Objective

The fund seeks reasonable income. The fund will also consider the potential for capital appreciation. The fund’s goal is to achieve a yield which exceeds the composite yield on the securities comprising the S&P 500® Index.


Principal Investment Strategies

  • Normally investing at least 80% of assets in equity securities.

  • Normally investing primarily in income-producing equity securities, which tends to lead to investments in large cap "value" stocks.

  • Potentially investing in other types of equity securities and debt securities, including lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds).

  • Investing in domestic and foreign issuers.

  • Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.

  • Potentially using covered call options as tools in managing the fund’s assets.


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 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.

  • 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.

  • "Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time.

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 11.78%
FOR PERIODS ENDED 07/31/2019
periodvalue
Prior 3 Months 0.36%
ANNUALIZED
periodvalue
Prior 1 Year 3.42%
Prior 3 Years 7.91%
Prior 5 Years 5.81%
Prior 10 Years 10.24%
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 Equity-Income Portfolio
Portfolio Turnover Rate

Portfolio Turnover Rate(%): 36%*

*Excludes all short-term securities.


Industry Allocation as of 6/30/2019
Industry% of Portfolio
Cash3.4%
Materials2.1%
Industrials8.8%
Communication Services7.2%
Consumer Discretionary6.4%
Consumer Staples8.5%
Energy8.3%
Financials22.8%
Health Care15.5%
Information Technology10.5%
Real Estate2.1%
Utilities4.4%

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
JPMorgan Chase & Co
Cisco Systems Inc
Johnson & Johnson
Bank of America Corp.
Verizon Communications Inc.
Wells Fargo & Co.
Microsoft Corp.
Chevron Corp.
Comcast Corp. Cl A
Walmart Inc.
Top Ten Comprise 26.96% 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

Ramona Persaud is portfolio manager of the fund, which she has managed since April 2017. She also manages other funds. Since joining Fidelity Investments in 2003, Ms. Persaud has worked as a research analyst 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

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