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What do you mean by a 'fully-diversified portfolio'?

A QuietGrowth model portfolio comprises specific securities. If the money you deposit in your QuietGrowth portfolio is invested in all these securities, we refer to your portfolio as a 'fully-diversified portfolio'.

Otherwise, if the money you deposit in your QuietGrowth portfolio is not invested in all these securities, we refer to your portfolio as a 'partly-diversified portfolio'.

Also read the answers to the related questions:

• When will my first portfolio have exposure to all the asset classes mentioned in my investment plan?
• When will my second or subsequent portfolios have exposure to all the asset classes mentioned in my investment plan?