The French presidency is based on a semi-presidential system where both a president and a prime minister are active participants in the day-to-day administration of the state. France's president appoints a prime minister, who then forms a government.
The Portfolio Management Rating is the same as our Stock Rating except that we incorporate Asset Allocation in the Portfolio Management Rating. The Total Annual Costs Rating captures the all-in cost of being in a fund over a 3-yr holding period, the average holding period of all mutual fund investors.
Loomis Sayles Bond would not be immune to a rise in interest rates. The fund's average duration, a measure of interest-rate sensitivity, recently stood at 6 years. That suggests that the fund's shares would lose about 6% if rates rose one percentage point. Foreign focus. As its name suggests, Loomis Sayles Global Bond (LSGLX) invests in bonds from all over the world.