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Glossary > P > "Portfolio turnover rate" Definition

Portfolio turnover rate

For an investment company, an annualized rate found by dividing the lesser of purchases and sales by the average of portfolio assets.

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Portfolio turnover rate - For an investment company, an annualized rate found by dividing the lesser of purchases and sales by the average of portfolio assets.

Portfolio turnover rate : for an investment company, an annualized rate found by dividing the lesser of purchases and sales by the average of portfolio assets.