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.
Different Rules Defining Holding Periods. When receiving a gift of appreciated stock or other securities and the recipientâs cost basis is determined by using the donorâs basis, the recipientâs holding period includes the donorâs holding period. This is called âtacking onâ because the recipientâs holding period adds value to the donorâs holding period. However, if the recipientâs basis is determined by the fair market value of the security, such as a gift of stock that ...