Broader positioning in what respect? It's basically All World equities and a 20% bond allocation. Takes out volatility - at least in theory - but also returns. Also available with 40% bonds, which corresponds to the classic pension portfolio. Still the classic in the USA. PS: The picture scares me 😅
Perhaps you should also take a look at quality. Here you have fewer positions, but quality stocks. The historical performance was also a little better here. $IS3Q
I've never understood why $ACWI (TER 0.20%) and $VWRL (TER 0.22%) are so popular here (but I've fallen for it myself - greetings from the glass house), when this can be replicated more cheaply by e.g. $PR1W (TER 0.05%) for the World part and $HMEF (TER 0.15%) - but then you have to add an umbrella for double TER (shake your head)...