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  5. VFV: I looked up a statistic from Morningstar called "Annual Portfolio Turnover". [Vanguard S&P 500 Index ETF]

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Q: I looked up a statistic from Morningstar called "Annual Portfolio Turnover". For VFV it is 3.47% and for VSP it is 26.1%. The passive index is the same but VSP is hedged to the Canadian dollar. Can you help explain what is included in this statistic? (AUM changes?, stock additions/deletions?, hedging? etc)
Could you please give me an example of situation where one might see 150% for an active ETF or aggressive mutual Fund? Thanks.
Asked by Ian on May 08, 2024
5i Research Answer:
Mornngstar defines their ratio as  " This is a measure of the fund's trading activity which...

Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in VFV.

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