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)...
@amanaplanacanalpanama "Gone off the rails" - that sounds much more dramatic than it is. We can see that competition is working and leading to ever lower costs. That is a very good thing. However, the hunt for the last basis point less TER will eventually lead to nothing. The FTSE All World from Invesco and the ACWI IMI from SPDR (I don't have the tickers at the moment) are now also well below 0.2.