# EDGAR Filing Document

**Accession Number:** 0001090128
**File Stem:** 0001193125-26-181149
**Filing Date:** 2026-4
**Character Count:** 30453
**Document Hash:** 42f4261fa94b3781d50a7661605f6304
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-181149.hdr.sgml**: 20260427

**ACCESSION NUMBER**: 0001193125-26-181149

**CONFORMED SUBMISSION TYPE**: N-VP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260427

**DATE AS OF CHANGE**: 20260427

**EFFECTIVENESS DATE**: 20260427

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MUTUAL OF AMERICA SEPARATE ACCOUNT NO 3
- **CENTRAL INDEX KEY:** 0001090128

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-VP
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-83413
- **FILM NUMBER:** 26899053

**BUSINESS ADDRESS:**
- **STREET 1:** 320 PARK AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022
- **BUSINESS PHONE:** 2122241600

**MAIL ADDRESS:**
- **STREET 1:** 320 PARK AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022

## Series and Classes Contracts Data

### MUTUAL OF AMERICA SEPARATE ACCOUNT NO 3 (Series ID: S000009412)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000025764 | Variable Universal Life Insurance Policy |  |

**Registration No. 333-83413**

**Annual Notice**

**Dated May 1, 2026**

to Policyowners of <br>Variable Universal Life Insurance Policy ("VUL Policies") issued by <br>Mutual of America Life Insurance Company ("Mutual of America"), <br>through its Separate Account No. 3

This Annual Notice ("Annual Notice") provides you with an update of changes to your Policy that have occurred since May 1, 2025. In addition, this Annual Notice provides key information about your policy that you should review, including a list of Underlying Funds available under your policy. Please read this Annual Notice carefully and retain it with your policy prospectus for future reference.

The most recent prospectus, dated May 1, 2019, contains more information about the VUL Policies, including its features, benefits, and risks. You can find the prospectuses, statements of additional information and shareholder reports for the Underlying Funds listed in the appendix to this Annual Notice, the most recent audited financial statements of the separate account, and Mutual of America and other information about the policies online at *mutualofamerica.com*/VULFunds. You can also obtain this information at no cost by calling 800.574.9267 or by sending an email request to mutualofamerica@dfinsolutions.com.

Additional general information about certain investment products, including variable life insurance policies, has been prepared by the Securities and Exchange Commission's staff and is available at Investor.gov.

**The Securities and Exchange Commission has not approved these securities or determined that this Annual Notice is accurate or complete. Any representation to the contrary is a criminal offense**.

------

**Definitions we use in this annual notice**

***Accelerated Benefit***—The portion of the Death Proceeds payable before the death of the insured person when the insured person is determined to have a terminal illness and is expected to live for 12 months or less.

***Account Value***—The value of a Policyowner's Accumulation Units in the Subaccounts plus the value of amounts held in the General Account for the Policyowner. As used in this Prospectus, the term "Account Value" may mean all or any part of your total Account Value.

***Accumulation Unit***—A measure we use to calculate the value of a Policyowner's interest in each of the Subaccounts. Each Subaccount has its own Accumulation Unit value.

***Death Proceeds***—An amount equal to the sum of the Basic Death Benefit and amounts payable under any policy riders, minus the sum of any Policy Loans and any unpaid monthly deductions, subject to any applicable adjustments for misrepresentation, suicide or misstatement of age and/or sex.

***General Account***—Assets we own that are not in a separate account, but rather are held as part of our general assets. We sometimes refer to the General Account as the Interest Accumulation Account, because amounts you allocate to the General Account earn interest at a rate that we change from time to time.

***Insured Person***—The person on whose life a Policy is issued, or in other words the person whose death will trigger payment of a death benefit under your Policy.

***Investment Alternatives—***Our General Account and the Subaccounts. You may allocate your premiums and transfer your Account Value among the Investment Alternatives.

***Maturity Date***—The Policy Anniversary on which the insured person's attained age equals 100.

***Payroll Deduction Program***—A program established by an employer under which it agrees with its participating employees to deduct on each pay date from the employees' salaries the scheduled premium payments for Policies owned by the employees, their spouses or minor children. The employer remits the premiums to us.

***Payroll Deduction Rider***—A rider to a Policy issued under a Payroll Deduction Program. If required by your State, we will incorporate the provisions regarding Payroll Deduction into your Policy in lieu of issuing a rider.

***Policy Loan***—The outstanding principal and unpaid accrued interest for any loan in effect under a Policy.

***Policyowner***—The person designated on the Policy Specification Pages of your Policy as the owner.

***Proceeds***—The amount we will pay upon (a) surrender of the Policy, (b) the death of the insured person or (c) the Maturity Date, which amount will vary depending on the type of Proceeds being paid.

***Processing Office***—The office of Mutual of America, or any other location we may announce by advance written notice to Policyowners, a field office we have designated, our toll-free telephone facility or our Financial Transaction Processing Center, depending on the transaction requested.

***Separate Account***—Mutual of America Separate Account No. 3, a separate account of Mutual of America maintained under the laws of New York State and registered with the Securities and Exchange Commission under the Investment Company Act of 1940. The assets of the Separate Account are set aside and kept separate from our other assets.

***Subaccount****—*A division of the Separate Account which invests its assets exclusively in a corresponding Underlying Fund of the same name.

***Surrender Proceeds***—Amount payable upon surrender of a Policy, equal to the Account Value minus any Policy Loans outstanding at the time of surrender.

***Underlying Funds***—The funds or portfolios that are invested in by the Subaccounts.

------

***Valid Transaction Date***—The Business Day on which all of the requirements for the completion of a transaction have been met. This includes receipt by us at our Processing Office of all information, remittances, notices and papers necessary to process the requested transaction. If requirements are met on a day that is not a Business Day, or after the close of a Business Day, the Valid Transaction Date will be the next following Business Day.

***We, us, our, Mutual of America***—Refer to Mutual of America Life Insurance Company.

***Written Request***—A written request on an administrative form provided by us or in a form otherwise acceptable to us.

***You, your***—Refer to a Policyowner.

------

**Important Information You Should Consider About the VUL Policies**

**Fees and Expenses** **Location in** **Prospectus** 

**Risks** 

------

---

| | | |
|:---|:---|:---|
|  | **Risks** |  |
| **Risks Associated** <br> **with Investment** <br> **Options** <br>| &nbsp;&nbsp; An investment in the Policy is subject to the risk of poor <br> investment performance, and can vary, depending on the <br> performance of the Underlying Funds. Each investment option <br> available under the Policy, including the General Account, will <br> have its own unique risks. You should review these Investment <br> Alternatives before making an investment decision. | &nbsp;&nbsp; Introduction and <br> Summary<br>|
| **Insurance** <br> **Company Risks**<br>| &nbsp;&nbsp; An investment in the Policy is subject to the risks related to <br> Mutual of America Life Insurance Company, including that any <br> obligations (including under the General Account), guarantees, <br> and benefits of the Policy are subject to the claims paying ability <br> of Mutual of America. More information about Mutual of <br> America, including its financial strength ratings, is available upon <br> request from Mutual of America by calling our toll-free number, <br> 800.468.3785 or by visiting our website at mutualofamerica.com. | &nbsp;&nbsp; About Mutual of <br> America and our <br> Separate Account <br> No. 3<br>|
| **Contract Lapse** | &nbsp;&nbsp; Your Policy may lapse, or you may have to make unscheduled <br> premium payments, if your Account Value declines from <br> unfavorable investment performance of the Underlying Funds <br> and your Account Value is not sufficient to pay the charges then <br> due under your Policy. It is possible for policy loans to exceed <br> account value, resulting in a lapse.<br> The lapsed Policy may be reinstated during the Insured Person's <br> lifetime if certain conditions are met, including you pay, at the <br> time of restatement, premiums sufficient to keep the Policy in <br> effect for at least two months (and at least three months, for <br> policies issued on or after January 1, 2009), and you pay any <br> charges not paid during the grace period.<br> Death benefits will not be paid if the Policy has lapsed.  | &nbsp;&nbsp; Policy Lapse and <br> Reinstatement<br>|
|  | **Restrictions** |  |
| **Investments** | &nbsp;&nbsp; We may remove an Underlying Fund or limit its availability to new <br> Contributions and/or transfers of Account Value if we determine <br> that an Underlying Fund no longer satisfies one or more of our <br> selection criteria. | &nbsp;&nbsp; Funding and Other <br> Changes We May <br> Make <br>|

---

------

---

| | | |
|:---|:---|:---|
|  | **Restrictions** |  |
| **Optional Benefits** | &nbsp;&nbsp; We may make one or more supplemental insurance benefits <br> available by rider to your Policy, including accidental death <br> coverage and coverage for children of an Insured Person. <br> Currently, supplemental insurance benefits are available only for <br> Policies with Payroll Deduction Riders. We will charge you a <br> monthly cost for any supplemental insurance benefits you select.<br> You may borrow up to 95% of your Account Value in the General <br> Account (or up to 95% of the cash surrender value of the Policy <br> for policies issued on or after January 1, 2009), minus any <br> existing Policy Loans. Each Policy Loan must be for at least <br> $500, and you must assign the Policy to us as collateral. We will <br> charge you interest on the Policy Loan, and we may change the <br> interest rate from time to time. We deduct any Policy Loans from <br> the amount otherwise due you upon the surrender or maturity of <br> the Policy or from the Death Proceeds due upon the death of the <br> Insured Person.<br> We will not permit you to make withdrawals or transfers of the <br> collateral amount while the loan is outstanding. Amounts <br> borrowed in a loan do not participate in the Subaccount <br> investment experience. Loans, therefore, can affect the Account <br> Value and death benefit whether or not the loan is repaid. Death <br> benefit proceeds payable will be reduced by the amount of any <br> outstanding Policy Loan plus accrued interest. | &nbsp;&nbsp; Purchase of a <br> Policy-Supplemental <br> Insurance Benefits<br> Access to your <br> Account <br> Value-Policy <br> Loans <br>|
|  | **Taxes** |  |
| **Tax Implications** | &nbsp;&nbsp; You should consult with a tax professional to determine the tax <br> implications of an investment in and payments received under <br> the Policy. There is no additional tax benefit to you if the Policy is <br> purchased through a tax-qualified plan or individual retirement <br> account. Withdrawals will be subject to ordinary income tax and <br> may be subject to tax penalties.  | &nbsp;&nbsp; Federal Tax <br> Considerations <br>|
|  | **Conflicts of Interest** |  |
| **Investment** <br> **Professional** <br> **Compensation** <br>| Mutual of America no longer offers the Policy for sale. | &nbsp;&nbsp; Purchase of a <br> Policy <br>|
| **Exchanges**  | &nbsp;&nbsp; Because the Policy is no longer sold, you would not be affected <br> by a scenario in which you are asked to replace an existing life <br> insurance policy you own with a new purchase of this Policy. In <br> general, you should be aware that some investment <br> professionals may have a financial incentive to offer you a new <br> policy in place of the Policy you already own. Thus, in general, <br> you should only exchange your Policy if you determine, after <br> comparing the features, fees, and risks of both policies, that it is <br> preferable for you to purchase the new policy rather than <br> continue to own the existing Policy. | &nbsp;&nbsp; Purchase of a <br> Policy<br>|

---

------

**Appendix: Underlying Funds Available as Investment Options under the VUL Policies**

The following is a list of Underlying Funds available under the VUL Policies. More information about the Underlying Funds is available in the prospectuses for the Underlying Funds, which may be amended from time to time and are available on our website, mutualofamerica.com/VULFunds. You can also request this information at no cost by calling 800.574.9267 or by sending an email request to mutualofamerica@dfinsolutions.com.

The current expenses and performance information below reflects fees and expenses of the Underlying Funds, but do not reflect the other fees and expenses that your VUL Policy may charge. Expenses would be higher and performance would be lower if these other charges were included. Each Underlying Fund's past performance is not necessarily an indication of future performance.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Type/Investment** <br> **Objective** | **Underlying Fund and**<br> **Adviser/Subadviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** |
| **Type/Investment** <br> **Objective** | **Underlying Fund and**<br> **Adviser/Subadviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 year** | **5 year** | **10 year** | **Life of** <br> **Fund**<br>|
| Equity Fund<br> Seeks investment <br> results that correspond <br> to the total return of <br> common stocks <br> publicly traded in the <br> United States , as <br> represented by the <br> S&P 500<sup>®</sup> Index<br>| Fidelity VIP Index 500 <br> (Initial Class)<br> Adviser: Fidelity <br> Management & Research <br> Company LLC (FMR)<br> Subadvisers: FMR <br> Investment Management <br> (UK) Limited, Fidelity <br> Management & Research <br> (Hong Kong) Limited, and <br> Fidelity Management & <br> Research Japan Limited <br> serve as sub-advisers.<br>| 0.09% | 17.78% | 14.31% | 14.70% |  |
| Equity Fund<br> Seeks to achieve <br> long-term capital <br> appreciation<br>| Dimensional VA U.S. <br> Targeted Value Portfolio<br> Adviser: Dimensional <br> Fund Advisors LP<br>| 0.29% | 8.95% | 13.60% | 11.00% |  |
| Equity Fund<br> Seeks to provide <br> long-term capital <br> appreciation<br>| Vanguard Variable <br> Insurance Funds - Small <br> Company Growth <br> Portfolio<br> Adviser: The Vanguard <br> Group, Inc. and <br> ArrowMark Colorado <br> Holdings LLC<br>| 0.29% | 6.11% | 3.81% | 9.61% |  |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type/Investment** <br> **Objective** | **Underlying Fund and**<br> **Adviser/Subadviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** |
| **Type/Investment** <br> **Objective** | **Underlying Fund and**<br> **Adviser/Subadviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 year** | **5 year** | **10 year** |
| Equity Fund<br> Seeks to provide <br> investment results that <br> correspond to the total<br> return of stocks of mid- <br> to small-capitalization <br> U.S. companies<br>| Fidelity VIP Extended <br> Market Index Portfolio <br> (Initial Class)<br> Adviser: Fidelity <br> Management & Research <br> Company LLC (FMR)<br> Subadvisers: FMR <br> Investment Management <br> (UK) Limited, Fidelity <br> Management & Research <br> (Hong Kong) Limited, and <br> Fidelity Management & <br> Research Japan Limited <br> serve as sub-advisers.<br>| 0.12% | 12.32% | 8.02%<br>8.82%<sup>2</sup> <br>|  |
| Equity Fund<br> Seeks capital <br> appreciation<br>| Fidelity VIP Value <br> Strategies Portfolio (Initial <br> Class)<br> Adviser: Fidelity <br> Management & Research <br> Company LLC (FMR)<br> Subadvisers: FMR <br> Investment Management <br> (UK) Limited, Fidelity <br> Management & Research <br> (Hong Kong) Limited, and <br> Fidelity Management & <br> Research Japan Limited <br> serve as sub-advisers.<br>| 0.59% | 7.99% | 12.14% | 10.82% |
| Equity Fund<br> Seeks to track the <br> performance of a <br> benchmark index that <br> measures the <br> investment return of <br> mid-capitalization <br> stocks<br>| Vanguard Variable <br> Insurance Funds – <br> Mid-Cap Index Portfolio<br> Adviser: The Vanguard <br> Group, Inc.<br>| 0.17% | 11.54% | 8.46% | 10.77% |
| Equity Fund<br> Seeks to track the <br> performance of a <br> benchmark index that <br> measures the <br> investment return of <br> stocks issued by <br> companies located in <br> developed and <br> emerging markets, <br> excluding the <br> United States<br>| Vanguard Variable <br> Insurance Funds - Total <br> International Stock <br> Market Index Portfolio<br> Adviser: The Vanguard <br> Group, Inc.<br>| 0.09% | 32.04% | 7.88%<br>7.20%<sup>3</sup> <br>|  |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type/Investment** <br> **Objective** | **Underlying Fund and**<br> **Adviser/Subadviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** |
| **Type/Investment** <br> **Objective** | **Underlying Fund and**<br> **Adviser/Subadviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 year** | **5 year** | **10 year** |
| Equity Fund<br> Seeks capital growth<br>| LVIP American Century <br> Capital Appreciation <br> Fund<br> Adviser: Lincoln Financial <br> Investments Corporation<br> SubAdviser: American <br> Century Investment <br> Management, Inc.<br>| 0.57% | 6.95% | 5.49%<br>12.13%<sup>4</sup> <br>|  |
| Equity Fund<br> Seeks long-term capital <br> appreciation<br>| American <br> Funds Insurance Series <br> New World Fund<br> Adviser: Capital <br> Research and <br> Management Company<br>| 0.57% | 28.60% | 5.59% | 9.53% |
| Equity Fund<br> Seeks to provide <br> long-term growth of <br> capital<br>| DWS Capital Growth VIP<br> Adviser: DWS Investment <br> Management Americas, <br> Inc.<br>| 0.49% | 12.53% | 10.92% | 15.29% |
| Equity Fund<br> Seeks reasonable <br> income and will also <br> consider potential for <br> capital appreciation. <br> Fund's goal is to <br> achieve a yield which <br> exceeds the composite <br> yield on the securities <br> comprising the S&P <br> 500® Index<br>| Fidelity VIP <br> Equity-Income Portfolio<br> Adviser: Fidelity <br> Management & Research <br> Company LLC (FMR)<br> Subadvisers: FMR <br> Investment Management <br> (UK) Limited, Fidelity <br> Management & Research <br> (Hong Kong) Limited, and <br> Fidelity Management & <br> Research Japan Limited <br> serve as sub-advisers.<br>| 0.46% | 19.02% | 12.51% | 11.60% |
| Equity Fund<br> Seeks long-term capital <br> appreciation<br>| Fidelity VIP Contrafund® <br> Portfolio<br> Adviser: Fidelity <br> Management & Research <br> Company LLC (FMR)<br> Subadvisers: FMR <br> Investment Management <br> (UK) Limited, Fidelity <br> Management & Research <br> (Hong Kong) Limited, and <br> Fidelity Management & <br> Research Japan Limited <br> serve as sub-advisers.<br>| 0.54% | 21.52% | 15.37% | 15.78% |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Type/Investment** <br> **Objective** | **Underlying Fund and**<br> **Adviser/Subadviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** |
| **Type/Investment** <br> **Objective** | **Underlying Fund and**<br> **Adviser/Subadviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 year** | **5 year** | **10 year** | **Life of** <br> **Fund**<br>|
| Equity Fund<br> Seeks long-term <br> growth of capital<br>| Fidelity VIP Mid Cap <br> Portfolio<br> Adviser: Fidelity <br> Management & Research <br> Company LLC (FMR)<br> Subadvisers: FMR <br> Investment Management <br> (UK) Limited, Fidelity <br> Management & Research <br> (Hong Kong) Limited, and <br> Fidelity Management & <br> Research Japan Limited <br> serve as sub-advisers.<br>| 0.55% | 11.75% | 10.10% | 10.59% |  |
| Equity Fund<br> Seeks capital <br> appreciation<br>| Invesco V.I. Main Street <br> Fund<sup>®</sup> <br>Adviser: Invesco <br> Advisers, Inc.<br>| 0.80% | 15.93% | 12.47% | 12.53% |  |
| Equity Fund<br> Seeks capital <br> appreciation<br>| MFS® VIT III Mid Cap <br> Value Portfolio<br> Adviser: MFS<br>| 0.79% | 5.98% | 10.18% | 9.95% |  |
| Equity Fund<br> Seeks to provide <br> long-term capital <br> growth with income as <br> secondary objective<br>| T. Rowe Price Blue Chip <br> Growth Portfolio<br> Adviser: T. Rowe Price <br> Associates, Inc.<br>| 0.75% | 18.74% | 11.68% | 15.54% |  |
| Equity Fund<br> Seeks to provide <br> long-term capital <br> appreciation and <br> income<br>| Vanguard Variable <br> Insurance Fund <br> Diversified Value <br> Portfolio<sup>®</sup> <br>Advisers: Lazard Asset <br> Management LLC and <br> Hotchkis and Wiley <br> Capital Management, <br> LLC<br>| 0.28% | 16.83% | 13.24% | 11.76% |  |
| Equity Fund<br> Seeks to provide <br> long-term capital <br> appreciation<br>| Vanguard Variable <br> Insurance <br> Fund International <br> Portfolio<sup>®</sup> <br>Advisers: Baillie Gifford <br> Overseas Ltd. And <br> Schroder Investment <br> Management North <br> America Inc.<br>| 0.32% | 19.97% | 0.62% | 10.48% |  |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type/Investment** <br> **Objective** | **Underlying Fund and**<br> **Adviser/Subadviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** |
| **Type/Investment** <br> **Objective** | **Underlying Fund and**<br> **Adviser/Subadviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 year** | **5 year** | **10 year** |
| Real Estate Fund<br> Seeks to provide a high <br> level of income and <br> moderate long-term <br> capital appreciation by <br> tracking performance <br> of a benchmark index <br> that measures <br> performance of publicly <br> traded equity REITs <br> and other real <br> estate-related <br> investments<br>| Vanguard Variable <br> Insurance Fund Real <br> Estate Index Portfolio<sup>®</sup> <br>Adviser: The Vanguard <br> Group, Inc.<br>| 0.26% | 3.11% | 4.51% | 5.08% |
| Fixed Income Fund<br> Seeks to maximize <br> current income to the <br> extent consistent with <br> the preservation of <br> capital and the <br> maintenance of<br> liquidity by investing <br> exclusively in high <br> quality money market <br> instruments<br>| Goldman Sachs VIT <br> Government Money <br> Market Fund <br> (Institutional)<br> Adviser: Goldman Sachs <br> Asset Management, L.P.<br>| 0.43% | 4.20% | 3.18% | 2.11%<br>1.73%<sup>5</sup> <br>|
| Fixed Income Fund<br> Seeks to provide <br> current income while <br> maintaining limited <br> price volatility<br>| Vanguard Variable <br> Insurance Funds - <br> Short-Term<br> Investment-Grade <br> Portfolio<br> Adviser: The Vanguard <br> Group, Inc.<br>| 0.14% | 6.85% | 2.23% | 2.81% |
| Fixed Income Fund<br> Seeks to provide as <br> high a level of current <br> income as is consistent <br> with the preservation of <br> capital<br>| American <br> Funds Insurance Series – <br> The Bond Fund of <br> America (Class 1)<br> Adviser: Capital <br> Research and <br> Management Company<br>| 0.22% | 7.40% | 0.10% | 2.61% |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Type/Investment** <br> **Objective** | **Underlying Fund and**<br> **Adviser/Subadviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** |
| **Type/Investment** <br> **Objective** | **Underlying Fund and**<br> **Adviser/Subadviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 year** | **5 year** | **10 year** | **Life of** <br> **Fund**<br>|
| Fixed Income<br> Seeks to achieve its <br> investment objective by <br> investing under normal <br> circumstances at least <br> 80% of its net assets in <br> inflation-indexed bonds <br> of varying maturities <br> issued by the U.S. and <br> non-U.S. governments, <br> their agencies or <br> instrumentalities and <br> corporations, which <br> may be represented by <br> forwards or derivatives <br> such as options, <br> futures contracts or <br> swap agreements<br>| PIMCO Variable <br> Insurance Trust Real <br> Return Portfolio <br> (Institutional Class)<br> Adviser: Pacific <br> Investment Management <br> Company LLC<br>| 1.24% | 8.01% | 1.36% | 3.37% |  |
| Fixed Income Fund<br> Seeks to track the <br> performance of a <br> broad, market-weighted <br> bond index<br>| Vanguard Variable <br> Insurance Fund Total <br> Bond Market Index <br> Portfolio<sup>®</sup> <br>Adviser: The Vanguard <br> Group, Inc.<br>| 0.14% | 6.94% | -0.51% | 1.90% |  |
| Balanced Fund<br> Seeks to obtain high <br> total return with <br> reduced risk over the <br> long term by allocating <br> Fund assets among <br> stocks, bonds, and <br> short-term instruments<br>| Fidelity VIP Asset <br> Manager Portfolio<br> Adviser: Fidelity <br> Management & Research <br> Company LLC (FMR)<br> Subadvisers: FMR <br> Investment Management <br> (UK) Limited, Fidelity <br> Management & Research <br> (Hong Kong) Limited, and <br> Fidelity Management & <br> Research Japan Limited <br> serve as sub-advisers.<br>| 0.51% | 14.98% | 5.67% | 7.13% |  |
| Balanced Fund<br> Seeks to achieve <br> competitive total return <br> through actively <br> managed portfolio of <br> stocks, bonds, and <br> money market <br> instruments which offer <br> income and capital <br> growth opportunity<br>| Calvert VP SRI Balanced <br> Portfolio<br> Adviser: Calvert <br> Research and <br> Management<br>| 0.64% | 11.48% | 8.68% | 9.81% |  |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Type/Investment** <br> **Objective** | **Underlying Fund and**<br> **Adviser/Subadviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** | **Average Annual Total Returns as of** <br> **12/31/25** |
| **Type/Investment** <br> **Objective** | **Underlying Fund and**<br> **Adviser/Subadviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 year** | **5 year** | **10 year** | **Life of** <br> **Fund**<br>|
| Balanced Fund<br> Seeks to provide <br> current income and low <br> to moderate capital <br> appreciation<br>| Vanguard Variable <br> Insurance Funds – <br> Conservative Allocation <br> Portfolio<br> Adviser: The Vanguard <br> Group, Inc.<br>| 0.12% | 12.73% | 4.22% | 6.14% |  |
| Balanced Fund<br> Seeks to provide <br> long-term capital <br> appreciation and <br> reasonable current<br> income<br>| Vanguard Variable <br> Insurance Funds – <br> Balanced Portfolio<br> Adviser: Wellington <br> Management Company <br> LLC<br>| 0.20% | 16.46% | 9.29% | 10.03% |  |
| Balanced Fund<br> Investment objectives <br> are to achieve <br> long-term growth of <br> capital and income <br> while seeking to <br> manage volatility and <br> provide downside <br> protection<br>| American <br> Funds Insurance Series – <br> Managed Risk <br> Growth-Income Fund <br> (Class P1)<br> Adviser: Capital <br> Research and <br> Management Company<br>| 0.63% | 11.45% | 7.97% | 9.26% |  |

---

<sup>\*</sup>

"Standard & Poor's," "S&P," "S&P 500", "S&P MidCap 400" and "S&P SmallCap 600" are trademarks of Standard & Poor's Financial Services LLC, a subsidiary of The McGraw-Hill Companies, Inc. and have been licensed for use by Mutual of America Investment Corporation's Adviser. Standard & Poor's does not sponsor, endorse, sell or promote the Equity Index Fund, All America Fund, Small Cap Equity Index Fund or Mid-Cap Equity Index Fund. It has no obligation or liability for the sale or operation of the Funds and makes no representations as to the advisability of investing in the Funds.

<sup>1</sup>

The reported expense ratio for the following funds is net of fee waivers that may not continue: all American Funds Insurance Series Funds, Calvert VP SRI Balanced Portfolio, Fidelity VIP Asset Manager Portfolio, Goldman Sachs VIT Fund, Invesco V.I. Main Street Fund, and MFS VIT III Mid Cap Value Portfolio. Refer to the prospectuses of the Underlying Funds for more information.

<sup>2</sup>

Since inception date April 17, 2018.

<sup>3</sup>

Since inception date September 17, 2017.

<sup>4</sup>

Since inception date September 22, 2017.

<sup>5</sup>

Since inception date January 24, 2020.

------