Holding Turnover is calculated by adding up all the transactions for the year, dividing it by 2 and then dividing it again by the fund total holdings. Holding Turnover is the rate at which funds or ETFs replace their investment holdings on an annual basis. In other words it measures how quickly a fund turns over its holdings during the fiscal year.
Investor can think of Holding Turnover as percentage of a fund's assets that have turned over in the past year. Typically, a high annual turnover ratio implies that fund managers made a lot of buying and selling. The higher the annual turnover, the higher the expense ratio for the fund.
According to company disclosure PowerShares QQQ has Holdings Turnover of 0.0%. This indicator is about the same for Category average (which is currently at 0.0) family, and about the same as Family (which currently averages 0.0) category, This indicator is about the same for all funds average (which is currently at 0.0).
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PowerShares is currently under evaluation in holdings turnover among similar funds.
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