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.
Another factor that determines the amount of company stocks a mutual fund can own is the objective of the fund. If a mutual fund is an aggressive growth fund or a growth income fund, then that fund is going to own more stocks than a mutual fund that is a bond fund or a money market fund. fund's prospectus usually dictates theamount of a company's stock that a mutual fund owns. Mutual funds usually have set rules and restrictions that dictate the amount of a company's stock that a mutual fund manager can buy for the portfolio.