Mutual of America VIP 2040 Retirement Portfolio
Data updated: 2023-11-16
C000214156 — Mutual of America VIP 2040 Retirement Portfolio. Target Date / Glide Path Allocation · $7.89M AUM. Holdings, fees, performance and SEC filings.
C000214156 Fund Overview
Mutual of America VIP 2040 Retirement Portfolio is a US mutual fund managed by Mutual of America Variable Insurance Portfolios, categorised as Target Date / Glide Path Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Mutual of America Variable Insurance Portfolios
- Category: Target Date / Glide Path Allocation
- Assets under management: $7.89M
- 1-year return: 17.1%
- SEC CIK: 0001776030
- SEC series ID: S000066355
- Share class ID: C000214156
C000214156 Investment Objective and Strategy
Mutual of America VIP 2040 Retirement Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Mutual of America Variable Insurance Portfolios.
Investment objective
The Portfolio seeks to achieve current income and capital appreciation appropriate for the asset allocation associated with its approximate year of retirement which is included in the Portfolios name (Target Retirement Date).
Principal investment strategy
The Portfolio invests in shares of other series of the Investment Company (IC Portfolios) in proportions that are balanced to meet the objective of the Portfolio, which will move toward preservation of capital and production of income as the Target Retirement Date. The 2040 Retirement Portfolio is designed for investors expecting to retire or to begin withdrawing assets around the year 2040. Under normal circumstances, the asset allocation will change over time according to a predetermined glide path as the Retirement Portfolio approaches the Target Retirement Date. The glide path below represents the shifting of asset classes over time. As the glide path shows, generally, the less time that remains until the Target Retirement Date, and for a 10 year period after the Target Retirement Date, the more the Portfolio will invest in fixed income IC Portfolios and the less it will invest in equity IC Portfolios.
A Retirement Portfolio that has reached its Target Retirement Date can have 45%, which can vary by plus or minus 10%, of its assets invested in equity IC Portfolios. As of December 31, 2022, the Portfolios asset allocation among the underlying portfolios was as follows: Equity Index Portfolio 42.8% Mid-Cap Equity Index Portfolio 14.9% Small Cap Equity Index Portfolio 2.0% Small Cap Growth Portfolio 2.4% Small Cap Value Portfolio 2.8% International Portfolio 17.9% Bond Portfolio 15.4% Money Market Portfolio 1.8% The periodic reallocations of the assets of each Retirement Portfolio is affected by other matters aside from the period of time remaining until the Target Retirement Date, such as current market conditions, the economy, unanticipated events and other factors, so there is no precise timetable or formula for the reallocations of the Retirement Portfolios, but the target allocations are not expected to vary from the chart by more than plus or minus ten percentage points.
C000214156 Holdings
Top 8 holdings of Mutual of America VIP 2040 Retirement Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Moa Vip Equity Index | 43.51% |
| Moa Vip International | 18.06% |
| Moa Vip Bond | 15.04% |
| Moa Vip Mid Cap Index | 14.55% |
| Moa Vip Small-Cap Value | 2.56% |
| Moa Vip Small-Cap Growth | 2.46% |
| Moa Vip Small Cap Equity Index | 1.96% |
| Moa Vip Money Market | 1.71% |
C000214156 Portfolio Allocation
Asset-class allocation of Mutual of America VIP 2040 Retirement Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.9% |
C000214156 Performance
Total returns for C000214156 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 17.1% |
| 3 years (annualised) | 7.6% |
C000214156 Risk Information
Risk metrics for C000214156, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 14.4%
C000214156 Costs and Fees
C000214156 costs about $46 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.46%
- Gross expense ratio: 1.71%
- Portfolio turnover: 29%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000214156 Cashflows
Over the 12 months to 2023-09, Mutual of America VIP 2040 Retirement Portfolio had net inflows of $793.30K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-09 | $115.98K |
| 2023-08 | $72.21K |
| 2023-07 | −$167.61K |
| 2023-06 | −$37.53K |
| 2023-05 | $26.06K |
| 2023-04 | $53.87K |
C000214156 Debt Constituents
No individual debt constituents are reported in Mutual of America VIP 2040 Retirement Portfolio's latest SEC N-PORT filing.
C000214156 Prospectus and SEC Filings
Official Mutual of America VIP 2040 Retirement Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-04-25
- Prospectus (485BPOS) — filed 2022-04-28
- Prospectus (485BPOS) — filed 2021-04-29
- Portfolio holdings (N-PORT) — filed 2023-11-16
- Portfolio holdings (N-PORT) — filed 2023-08-18
- Portfolio holdings (N-PORT) — filed 2023-05-18
- Annual census (N-CEN) — filed 2023-03-09
- Annual census (N-CEN) — filed 2022-03-14
Related Funds
Other Target Date / Glide Path Allocation funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.