Looking at the durability of the firm's product roster, 73% of Mutual of America products have both survived and beaten their respective category median over the past 10 years, as denoted by the firm's 10-year success ratio. A high success ratio indicates good performance and provides insight into a firm’s discipline around investment strategy and product development. The firm stands out from a cost perspective for its open-end and exchange-traded funds, demonstrating a firm-wide commitment to minimizing costs and maximizing investors' returns. On average, the firm's fees on its funds are in the second cheapest quintile of its category. Finally, the Mutual of America portfolio management team has lacked continuity over the past five years, denoted by elevated levels of turnover, which bears watching.
Why the Rise of Index Investing Isn’t Slowing Down Anytime Soon
Investors have long preferred actively managed fixed-income funds, but even that has been shifting to passive.