unassigned portfolio (ICM-PFO)

Example: Portfolio Assignment (PFO (ICM-PFO)

A grouping of portfolio objects without an assignment.Unlike "available portfolio", no business object assignments exist in this case.There are various possible reasons for there being no assignment:SAP recommends that you fully assign object types that are generally subject to an assignment; in other words you should assign portfolio objects that are currently not assigned to available portfolio.

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Source: https://help.sap.com/doc/saphelp_glossary/latest/en-US/ca/2cb5fbdaecaa498b596d7adef0caa9/content.htm