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What Is The Portfolio Turnover Of A Fund Supposed To Mean? |
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Answer» A measure of the AMOUNT of buying and selling activity in a fund.Turnover is defined as the lesser of SECURITIES sold or purchased during a year divided by the average of MONTHLY net assets. A turnover of 100 percent, for EXAMPLE, implies positions are held on average for about a year. A measure of the amount of buying and selling activity in a fund.Turnover is defined as the lesser of securities sold or purchased during a year divided by the average of monthly net assets. A turnover of 100 percent, for example, implies positions are held on average for about a year. |
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