Strategy. The Fund seeks capital appreciation while trying to achieve lower volatility than the broad equity market. To achieve the Funds investment objective, Mutual of America Capital Management, LLC (MoA or Sub-Adviser), employs a long/short strategy and allocates the Funds assets by primarily investing in large and mid-capitalization equity securities. Under normal market conditions, the Sub-Adviser expects to maintain the Funds long positions in a range between 80% to 100% of net assets, and its short positions at approximately 20% of net assets, which may range between 10% to 30%, consistent with the Sub-Advisers expectations of investment opportunities within the equity market. The Sub-Adviser primarily utilizes fundamental and quantitative research to construct the Funds portfolio. Generally, long positions are held in … Show more… The Fund seeks capital appreciation while trying to achieve lower volatility than the broad equity market. To achieve the Funds investment objective, Mutual of America Capital Management, LLC (MoA or Sub-Adviser), employs a long/short strategy and allocates the Funds assets by primarily investing in large and mid-capitalization equity securities. Under normal market conditions, the Sub-Adviser expects to maintain the Funds long positions in a range between 80% to 100% of net assets, and its short positions at approximately 20% of net assets, which may range between 10% to 30%, consistent with the Sub-Advisers expectations of investment opportunities within the equity market. The Sub-Adviser primarily utilizes fundamental and quantitative research to construct the Funds portfolio. Generally, long positions are held in companies that the Sub-Adviser believes to be undervalued or have superior growth potential relative to its peers, while short positions are held in companies where the opposite is true, or to capture a specific risk identified in the market. The Funds equity securities investments may include common stocks of United States companies of any size, but the Sub-Adviser expects to invest in long and short positions primarily in the large and mid-capitalization segments of the equity market. The Fund will engage in short sales of securities for hedging purposes and to profit from an anticipated decline in the price of the securities sold short. The asset allocation strategies utilized by the Sub-Adviser will apply a quantitative screen to prioritize investment opportunities for further fundamental analysis. This quantitative and research-driven process will be applied to both the long and short investment positions of the fund. The Sub-Adviser may select growth stocks or value stocks as it deems appropriate. The Sub-Adviser may sell a security once it believes it has achieved its expected return or if it believes there are superior investment opportunities available. The Sub-Adviser may also sell securities if its thesis about the security changes or it needs to make portfolio adjustments to stay within portfolio construction guidelines. The Sub-Adviser may cover the short sale of a security once it has achieved its expected return or it believes there are superior investment opportunities available. The Portfolio Managers have a collaborative approach to ensure the construction of a diversified portfolio, while prioritizing the potential for higher returns and minimizing unwanted risks. Show less