A turnover rate of 100% means that the fund manager completely replaced the fund’s portfolio during the period. It is calculated by dividing the total value of the fund’s purchases and sales during a given period by the average net assets of the fund during that period.Ī turnover rate of 0% means that the fund manager did not buy or sell any holdings during the period. The turnover rate in mutual funds is a measure of how often the fund manager buys and sells the fund’s holdings. Turnover rate is a critical metric used to assess how actively managed a mutual fund is. Mutual funds are popular investment vehicles that pool money from various investors to invest in diversified securities.
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