"Turnover funds" refers to the money that is generated when assets or investments are bought and sold quickly. It represents the amount of money that is being swapped or circulated within a certain period of time. Full definition
Interestingly, despite a high turnover the fund mostly produced small dividend income distributions, even in high - return years. (alpholio.com)
So, if a mutual fund turn over is 30 % (which would qualify as a very low turnover fund), it is costing you 0.3 % in trading expenses. (canadiancapitalist.com)
Put more tax - efficient investments (low - turnover funds like index funds or ETFs, and municipal bonds, where interest is typically free from federal income tax) in taxable accounts. (fidelity.com)