AAMA

AAMA open-end and exchange-traded products are more expensive than similarly distributed funds at other highly-rated asset managers, on average in the second most expensive quintile of category peers. The higher expense profile contributes negatively to the firm's overall stewardship rating and creates a larger performance hurdle. With an average asset-weighted tenure of seven years among the longest-tenured managers at AAMA, the firm is on par with peers. Seasoned teams tend to have more experience to draw upon should they need to weather turbulent market conditions. Turnover among AAMA portfolio management ranks has been low compared to other firms in the past five years. This stability on the personnel front boosts confidence in its staying power.