This varies widely based on the fund and circumstances. Some of the Litman Gregory Masters Funds managers have lower turnover than others. Sometimes market volatility impacts turnover either because rapid stock price spikes and/or dips change the relative appeal of certain stocks, or because in a declining market tax-motivated trading can increase turnover.
Litman Gregory Masters Equity’s annual turnover has ranged between 35% and 102% over the five years ended 12/31/18.
Litman Gregory Masters International’s annual turnover has ranged between 88% and 160% over the five years ended 12/31/18.