The balance

How the portfolio is distributed across the three.

The part

What it is

There is no correct distribution, but there is an informative one. A portfolio entirely in the first horizon is a decision about the future that nobody made deliberately.

Comparing the distribution to the stated ambition is where the mismatch usually shows.

The smallest level

The attributes it carries

Each attribute is one of the framework’s shared types. What a date is, and how it is written, is defined once for the whole model — the note here says what it means in this particular place.