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.
Short Term Bond Vs. Bond funds are mutual funds that hold a variety of debt instruments issued by governments, corporations or investment firms. Bond terms vary in length from a few months to 30 years. Short-term bond funds largely contain bonds with a duration of 24 months or less. Intermediate bonds funds contain bonds with an average duration of between two and 10 years.