Every mutual fund has turnover and every portfolio of funds has turnover.

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Third, the low turnover of securities in most index funds keeps Uncle Sam away from your hard earned money.

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We also screen out funds with a lot of portfolio turnover.

FORBES: Magazine Article

The people we're not seeing are the people who continually have a turnover of money, that being the money-market funds, we've yet to see them return to this market.

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According to Morningstar.com, the ten largest mutual funds by assets had an average turnover ratio of almost 75%.

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Their competence and duty to advise seemingly encompasses anything a fund may encounter- asset allocation, manager and fund performance, personnel turnover at managers, real estate, private equity, international and emerging markets, hedge funds, fund of funds, brokerage-everything but consultant-related issues.

FORBES: The Duty To Investigate Pension Consultant Conflicts (September 1, 2001)