What does a turnover value of 0 represent?

The values for turnover represent a percentage for the fund. For example, a value of 0.54 represents 54% turnover, while a value of 1.39 represents 139% turnover.

Almost all the funds with a 0 turnover ratio are money market funds (100% cash allocation). A few funds that have a passive management style may also show very low or zero turnover.