Fund Evaluator:
MoA Small Cap Growth Fund (MAGKX)
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Best Performing in Small Growth Over the Last Year
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Fund Details
MoA Small Cap Growth Fund Overview
MoA Small Cap Growth Fund (MAGKX) is an actively managed U.S. Equity Small Growth fund. Mutual of America launched the fund in 2005.
The investment seeks capital appreciation. The fund invests primarily in growth stocks issued by companies with small sized market capitalizations that the adviser believes to possess above-average growth potential. Under normal circumstances, at least 80% of the fund’s total assets are invested in small-cap growth stocks, which the adviser defines as those that have market capitalizations that fall within the market capitalization range of companies in the Russell 2000® Growth Index, and at least 85% of the fund’s total assets will be invested in equity securities.
About MoA Small Cap Growth Fund (MAGKX)
There are 2 members of the management team with an average tenure of 1.94 years: Thad Pollock (2024), Duygu Akyatan (2024). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Russell 2000 Growth TR USD index with a weighting of 100%. MoA Small Cap Growth Fund has 100 securities in its portfolio. The top 10 holdings constitute 24.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
MoA Small Cap Growth Fund is part of the Equity global asset class and is within the U.S. Equity fund group. MoA Small Cap Growth Fund has 3.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 94.5%. There is 3.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). MoA Small Cap Growth Fund has 2.3% of the portfolio in cash.
Assets Under Management
The fund has $464 million in total assets, which is above the $431 million average for the Small Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
MAGKX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The MoA Small Cap Growth Fund expense ratio is high compared to funds in the Small Growth category. MoA Small Cap Growth Fund has an expense ratio of 0.85%, which is 28% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. MoA Small Cap Growth Fund has a portfolio turnover rate of 32%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 78% for the Small Growth category.
Recently, in the month of July 2026, MoA Small Cap Growth Fund returned -6.1%, which earned it a grade of C, as the Small Growth category had an average return of -6.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
MoA Small Cap Growth Fund has a trailing yield of 0.00%, which is below the 0.06% category average. The fund normally distributes its income monthly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
MoA Small Cap Growth Fund Grades
Year to date, the fund has returned 17.6%, 3.9 percentage points better than the category, which translates into a grade of B. The fund has returned 27.2% over the past year (grade of B), 11.7% over the past three years (grade of C) and 3.1% per year over the past five years (grade of C) and 10.0% per year over the past 10 years (grade of D).
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MAGKX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| MAGKX Return (NAV) | -6.1% | 4.3% | 27.2% | 11.7% | 3.1% | 10.0% |
| MAGKX Grade | C | C | B | C | C | D |
| +/- Category | 0.6% | 0.6% | 4.5% | -0.6% | -0.2% | -1.2% |
| Small Growth Avg | -6.7% | 3.7% | 22.7% | 12.4% | 3.3% | 11.2% |
| MAGKX Tax Cost Ratio | na | na | 0.2% | 0.2% | 1.3% | 1.8% |
MAGKX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MAGKX Return (NAV) | 17.6% | 8.4% | 9.9% | 15.6% | -28.3% | 10.3% | 43.3% | 26.6% | -12.5% | 23.8% | 8.1% |
| MAGKX Grade | B | C | D | C | C | C | B | D | F | C | D |
| +/- Category | 3.9% | 0.4% | -5.6% | -1.1% | -0.4% | -0.2% | 1.5% | -3.3% | -8.4% | -0.3% | -2.1% |
| Small Growth Avg | 13.6% | 8.0% | 15.5% | 16.7% | -27.9% | 10.5% | 41.8% | 29.9% | -4.1% | 24.1% | 10.2% |
| Risk Measures | |
| Standard Deviation: | 19.4% |
| Total Risk Index: | 1.58 - High |
| Category Risk Index: | 0.94 - Below Average |
| Category Risk Grade: | B (37% Rank) |
| Beta: | 1.22 |
| R-Squared: | 67% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Small-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | |
| Total Assets: | $464 Mil |
| Fund Total Assets: | $ 465 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 33% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 1.9 years | |||
| Average Tenure: 1.9 years | |||
| Managers (Year): Pollock Thad (2024), Akyatan Duygu (2024) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 100 |
| % in Top 10 Holdings: | 24.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 3.3% |
Portfolio Allocation |
|
| Domestic Stock: | 94.5% |
| Foreign Stock: | 3.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.3% |
Purchase Information
| Fund Family: | Mutual of America |
| Phone Number: | 800-468-3785 |
| Website: | www.mutualofamerica.com |
| Status: | Open |
| Inception Date: | July 1, 2005 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.85% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.18% |
| Share Class: | MoA Small Cap Growth Fund |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
