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.
The Impact of Duration on Bond Funds. Duration, which is expressed in years, is a term that investors will encounter when assessing mutual fund investments. Typically, fund managers will say their portfolio is âoverweightâ or âlongâ duration, meaning that their duration is higher than that of the fund's benchmark.