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Mutual funds
How much of the book the manager replaced in a year. 50% means about half the names were swapped. High turnover can mean more costs inside the NAV you already paid.
How much of the book the manager replaced in a year. 50% means about half the names were swapped. High turnover can mean more costs inside the NAV you already paid.
No. Portfolio turnover describes a fund's costs, structure or past record. Mutual fund investments are subject to market risks, and past performance does not indicate future returns.