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.
Bond-fund investors can expect a monthly payout of the income earned by the fund. Read MoreLearning the ABCs of bonds. Because you own mutual-fund shares, however, there is no maturity date on which you can expect to get back par, or the face value of the bond. It's what I call 'perpetual duration,' said Colyer.