Frequently Asked Questions

Why invest with Mutual of America Institutional Funds, Inc.?
Who can invest in Mutual of America Institutional Funds, Inc.?
What portfolios are available?
What is the initial minimum investment?
What exchange privileges are available?
How do I purchase shares of the Mutual of America Institutional Funds, Inc.?
Is the return on the Funds guaranteed?
How can redemptions be made?
How can I receive Personalized Service?
When are shareholder distributions paid?
What statements will I receive?

Why invest with Mutual of America Institutional Funds, Inc.?
The Institutional Funds reflect a continued commitment to help meet the financial needs of the not-for-profit community as well as other institutional clients. The Institutional Funds offer clients the flexibility, liquidity, convenience and quality services that have become the hallmark of Mutual of America Life Insurance Company and its family of companies.

Who can invest in Mutual of America Institutional Funds, Inc.?
The Institutional Funds are designed as an investment vehicle for

corporations,
not-for-profit organizations,
endowments,
foundations,
municipalities and
other institutional investors.

They provide an opportunity for organizations to obtain professional investment management expertise and to utilize the Funds as an alternative to local trust arrangements.

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What portfolios are available?
Equity Portfolios Fixed Income Portfolios
Equity Index Fund Bond Fund
All America Fund Money Market Fund
Small Cap Value Fund
Small Cap Growth Fund
Mid-Cap Equity Index Fund
International Fund

What is the initial minimum investment?
The minimum initial investment is only $25,000 and the minimum amount for subsequent purchases is $5,000. There is no sales charge or deferred sales charge for the purchase of Institutional Funds shares.

What exchange privileges are available?
You may allocate your assets among the Equity Index, All America, Small Cap Value, Small Cap Growth, Mid-Cap Equity Index, International, Bond and Money Market Funds as you deem suitable. You may exchange shares of one Fund for shares of any other Fund. The Institutional Funds, however, may refuse to implement the purchase side of any exchange request considered to be based on a market timing or asset allocation strategy that would be disruptive to a Fund.

There are no exchange or redemption fees applicable to the Institutional Funds.

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How do I purchase shares of the Mutual of America Institutional Funds, Inc.?
Shares may only be purchased by institutional investors, including trusts.

First-time prospective purchasers must complete an Institutional Funds application and deliver it to a registered representative of Mutual of America Securities LLC at one of our Regional Offices. Payments must be made by wire transfer of Federal funds. Once the application has been approved, the registered representative will notify the prospective purchaser that the account has been established and that the purchaser may transmit the initial purchase amount by wire transfer of federal funds.

Is the return on the Funds guaranteed?
No. The return is not guaranteed, but is dependent on the performance of the Fund(s) for the period of time invested. Investors should review the Institutional Funds' prospectus for information about the Funds' investment objectives, investment strategies and risks.

How can redemptions be made?
Redemption requests may be made either in writing or by phoning our "800" number for toll-free access at any time. The redemption price is the net asset value per share next determined after the receipt of proper notice of redemption. Payment is usually made on the next business day by wire transfer of funds.

Investors in the Institutional Funds will receive a confirmation of all transactions within five business days of each transaction and monthly statements that reflect all account activity within the previous
reporting period.

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How can I receive Personalized Service?
You will receive prompt and immediate attention to your inquiries from one of our Regional Offices throughout the United States. Our representatives, all of whom work on a salaried basis, provide convenient local service, including on-site meetings when warranted.

We also provide a toll-free number that you may call for access to account information and customer service. The number is 1-800-914-8716.

When are shareholder distributions paid?
Each of the Funds distributes net income semi-annually and capital gains annually. You have the option of taking these distributions in cash or having them reinvested into more shares of the Fund or into the Money Market Fund.

What statements will I receive?
Shareholders receive confirmations of purchases and redemptions as well as monthly statements.

The statements will include the performance of the Equity Index, All America, Small Cap Value, Small Cap Growth, Mid-Cap Equity Index, International, Bond and Money Market Funds. Annual and semi-annual reports providing detailed information on the investment portfolios and performance of the Institutional Funds are
also provided.

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Prospectus

Before investing in Mutual of America Institutional Funds, Inc., you should consider the investment objectives, risks, charges and expenses carefully. This and other information is contained in the prospectus. Please read the prospectus carefully before investing. The prospectus can be obtained by calling 1-800-914-8716. Please note that an investment in the Institutional Funds is subject to investment risk and that your principal may increase or decrease.

Money Market Fund Investors: You could lose money by investing in the Fund. Because the share price of the Fund will fluctuate, when you sell your shares they may be worth more or less than what you originally paid for them. The Fund may impose a fee upon sale of your shares or may temporarily suspend your ability to sell shares if the Fund's liquidity falls below required minimums because of market conditions or other factors. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.

Distributor, Mutual of America Securities LLC, member FINRA and SIPC.