The rate of trading activity in a fund's portfolio of investments, equal to the lesser of purchases or sales, for a year, divided by average total assets during that year.
Related information about portfolio turnover:
- Portfolio Turnover Definition | Investopedia
 A measure of how frequently assets within a fund are bought and sold by the   managers. Portfolio turnover is calculated by taking either the total amount of new ...
 
- Portfolio Turnover | Investopedia
 Discover how a mutual fund's transactional activity can affect investment returns.
 
- Does Portfolio Turnover Matter?
 Nov 22, 2006 ... The Motley Fool - Go back under the hood to find out what drives your mutual   fund.
 
- Portfolio turnover - Wiki | The Motley Fool
 Portfolio turnover indicates how often a fund manager buys and sells assets   within a mutual fund, and thus how long the average asset is held within the fund.
 
- Portfolio Turnover - Mutual Funds Center - Yahoo! Finance
 Excerpted from Bogle on Mutual Funds by John C. Bogle, pages 80-81. Portfolio   turnover. Turnover - the purchase and sale of securities in a fund's portfolio - is ...
 
- What is portfolio turnover? definition and meaning
 Definition of portfolio turnover: The rate of trading activity in a fund's portfolio of   investments, equal to the lesser of purchases or sales, for a year, divided by ...
 
- The hidden costs of portfolio turnover - FT.com
 Apr 1, 2011 ... Investors should be wary of fund managers who turn over their portfolios too   much, advisers warn – as they can incur large additional costs that ...
 
- Portfolio Turnover Definition - What is Portfolio Turnover?
 What is Portfolio Turnover? Find out right now with a helpful definition and links   related to Portfolio Turnover.