Portfolio turnover
Market basicsHow much of a fund’s portfolio was bought and sold during the year.
In plain terms
A cost paid from the fund’s assets before the NAV you see. 200% means the whole portfolio changed twice.
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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How much of a fund’s portfolio was bought and sold during the year.
A cost paid from the fund’s assets before the NAV you see. 200% means the whole portfolio changed twice.