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.
A mutual fundâs net asset value, or price per share, is based on the prices of its underlying securities, such as stocks or bonds. Volatility is the extent to which a fundâs net asset value typically fluctuates. With all else being equal, a highly volatile fund has more risk than one with low volatility.