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.
Core Holding. DEFINITION of 'Core Holding'. A long-term investment that forms the foundation of an investor's portfolio. A common core holding strategy is to primarily own an investment that tracks the overall market, such as an S&P 500 index fund, and secondarily own investments that may deviate from the overall market, such as individual stocks.