Mutual of America

Mutual of America has a strong investment culture as a firm, resulting in an Above Average Parent Pillar rating. A contributing factor to the firm's favorable rating is its impressive track record of endurance. The Mutual of America 10-year success ratio is 86%, meaning that over the period, 86% of its products have survived and beaten their respective category median. A high success ratio not only indicates good performance but also provides insight into a firm’s discipline around investment strategy and product development. Mutual of America's risk-adjusted performance compares similarly to competitors. Across its open-end and exchange-traded funds, the firm’s average five-year Morningstar Rating is 3.7 stars, which is about standard. Manager turnover at Mutual of America has been higher than at peer asset management firms. Turnover in the portfolio-management ranks can happen for a number of reasons, including mergers, liquidations, and portfolio managers changing roles or leaving the firm. In some cases, a change may not signal a serious or immediate problem at the firm, but can still be disruptive for investors, hinder the effectiveness of a firm’s investment processes, or suggest a weaker investment culture.