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The Hazy Portfolio
I developed the Hazy Portfolio for my wife and kids' accounts that are not actively traded. The idea behind it was to model the iShares MSCI ACWI ETF (which I consider the benchmark for the Hazy Portfolio), but to do it cheaper and with more exposure to small-cap and value themes. Fortunately, in the ETF world you really can have your cake and eat it too, as the Hazy Portfolio checks-in with an overall expense ratio of 0.22% vs. 0.31% for the ACWI ETF.

EEMSiShares Emerging Markets Small-Cap10%
IEMGiShares Core Emerging Markets10%
ISCFiShares Edge Multifactor Intl. Small-Cap10%
EFViShares MSCI EAFE Value10%
IVViShares Core S&P 50020%
USMViShares Edge Minimum Volatility USA20%
IUSViShares Core S&P U.S. Value10%
IWNiShares Russell 2000 Value10%