State Farm

With an average overall Morningstar Rating of 4.0 stars across its open-end and exchange-traded products, the firm has demonstrated its ability to deploy capital successfully for investors. A notable weakness of State Farm is the inexperience of its longest-tenured managers compared with other asset managers. Managing capital through a full market cycle is a challenging prospect for seasoned managers, but with only three years of average tenure, there's cause for concern. State Farm has faced above-average manager turnover in the past five years. This is a concern, as long-term stability tends to support positive results.