Equity Index Fund (MAEQX)

ObjectivePerformanceCharacteristicsSector AllocationTopTenManager Biography
Equity Index Fund Performance

Total Return Performance Data as of October 31, 2020

  Average Annual Returns
3 Months Year-to-Date 1 Year 3 Years 5 Years 10 Years
Equity Index Fund 0.35% 2.65% 9.55% 10.29% 11.59% 12.89%
S&P 500 Index 0.37% 2.77% 9.71% 10.42% 11.71% 13.01%
Equity Index Fund Performance

Source for S&P 500® Index information: eVestment.

The performance data shown above represent past performance, which is not a guarantee of future results. Investment returns and net asset values will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Fund total return performance currently may be lower or higher than the figures stated above.

The total return figures reflect the reinvestment of investment income and capital gains and losses, and are net of expenses which include management fees. Returns would have been lower without expense reimbursements provided by the Adviser. Amounts purchased or redeemed within the periods shown would experience different rates of return based on the net asset values on the dates of such transactions.

Annual Fees and Expenses

This table describes the fees and expenses that you may pay if you buy and hold shares of this Fund. Annual operating expenses are shown as a percentage of average net assets and are based on actual operating expenses incurred by the Fund (before reimbursement) in 2020. Net expenses (after reimbursement) consist of investment management fees. The net expenses may be slightly higher or lower than the investment management fees percentage set forth in the prospectus due to rounding.

  Equity Index Fund
Total Annual Fund Operating Expenses   1.26%
Expense Reimbursement (1.13%)
Net Expenses    0.13%**

** The Adviser contractually agreed beginning as of April 1, 2002, to limit the Fund's total operating expenses (excluding any extraordinary expenses that may arise and charges incurred in trading portfolio securities) to its investment management fees. This contractual obligation continues in effect until April 30, 2021, and will continue for each succeeding 12 month period thereafter, unless either the Investment Company gives not less than 30 days' notice of termination to the Adviser or the Adviser gives written notice of termination to the Investment Company within a 45 calendar day period prior to the next May 1.

Investments in the Equity Index Fund (and in the other Funds) are neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other U.S. government agency. 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.

Dividend distributions will be declared at the end of June and end of December to pay out all or substantially all of the Fund's net investment income (dividends) and declares dividends at the end of December to pay out substantially all of the Fund's net realized short and long term capital gains (capital gains distributions). A Fund may make a special distribution on or before September 15 of each year to comply with federal tax law requirements for mutual funds. Dividend distributions will be reinvested in full, reinvested from any Fund in shares of the Money Market Fund or paid in cash.

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