Oak Associates Funds in Akron, Ohio, is managed by Oak Associates, ltd., one of the country’s leading advisors to growth equity investors. By focusing on securities with long-term time horizons, Oak Associates Funds provides investors with relatively low portfolio turnover.
In the investment industry, the measure of how often a fund’s assets are bought and sold by the fund's managers is known as portfolio turnover. To determine the portfolio turnover for a select fund, the lesser value of the new securities purchased and new securities sold over a certain period is divided by the fund’s net asset value (NAV) for the same length of time.
Buy-and-hold strategies frequently produce a portfolio turnover rate of about 20 to 30 percent per year, while higher rates generally indicate a strategy involving the mass purchasing and selling of securities. A fund may have a portfolio turnover of 100 percent or higher, although this number only reflects what portion of the fund has changed over a 12-month period.
In the investment industry, the measure of how often a fund’s assets are bought and sold by the fund's managers is known as portfolio turnover. To determine the portfolio turnover for a select fund, the lesser value of the new securities purchased and new securities sold over a certain period is divided by the fund’s net asset value (NAV) for the same length of time.
Buy-and-hold strategies frequently produce a portfolio turnover rate of about 20 to 30 percent per year, while higher rates generally indicate a strategy involving the mass purchasing and selling of securities. A fund may have a portfolio turnover of 100 percent or higher, although this number only reflects what portion of the fund has changed over a 12-month period.