FEOE
First Eagle Overseas Equity ETF
stock NYSE ETF

To me, "balance" would be PG, KR, WM or other things that are more need-based. Some of these things have had a bit too much of run lately because people have gone towards safe harbor, so if that safe harbor trade were to unwind a little and there was a risk-on bounce, that would be an opportunity there.
Or balance would be alternative strategies, although those often do have high expense ratios. Something like QNZNX did have positive returns in 2022 and (although not much) is positive this year.
I would actually suggest some international but to me international is an instance of better with something more specific/opportunistic vs broad indexes. First Eagle is a super solid company and they do have FEOE. If you want international and aggressive, PGIM has an ETF version of their international aggressive growth mutual fund with the PJIO etf.
In the US, theoretically interesting is AUSF: "AUSF seeks to outperform traditional market capitalization weighted indexes by allocating across three factors – minimum volatility, value, and momentum – that have historically demonstrated advantages compared to broad benchmark indexes. AUSF either allocates to two factors with a 50% / 50% weighting, or all three factors with a weighting of 40% / 40% / 20% depending on the trailing returns of each factor." When you look at a 2022 when growth was obliterated, that lost about 0.19%, but it did reasonably well in 2020/21 and 2023/24 and is positive (although barely) this year. So maybe that's not a total home run during up years (but it's done pretty good) and it's not going to not lose if everything craters (but did really well in a rotation out of growth and into value in 2022.) So that's interesting enough that I'm kind of thinking about it.
TCAF is run by T Rowe Price's CIO and is an excellent, somewhat more conservative balanced fund. The mutual fund version has been closed to new investors for many years.
Just throwing something together:
10% FEOE
10% PJIO
20% QQQ
10% AUSF
5% CTA
5% SDCI
20% GARP
5% SCHD
5% TCAF
5% AVUV
5% JEPI
I think that's a decent portfolio but also accomplishes not being entirely heavily correlated. 5% in managed futures, 5% in commodities. AUSF is a strategy that can change and emphasize value/minimum vol in an environment like 2022. You have 20% in international and this has been a year where flows have went in that direction - if they keep going, you'll have some exposure to that in a high quality fund that can go across growth and value (FEOE) and an aggressive - but quality aggressive - growth strategy (PJIO)
QQQ remains. GARP (which is more large cap, but also includes mid) as the attempt to try and focus on growth at a reasonable price may mitigate downside a *little bit* relative to other growth peers. TCAF is a high quality, flexible (multi cap, value + growth) balanced fund with a great manager. AVUV gives you some small cap exposure and has been an excellent performer.
I could probably adjust this further if I sat with it/thought about it over a longer period but imo this isn't bad. You have some us, you have some international, you have some passive funds, you have some active funds, you have some alts/commodities, you have some conservative/quality and you have some aggressive. They're all funds so no stock specific issues/concerns.

To me, "balance" would be PG, KR, WM or other things that are more need-based. Some of these things have had a bit too much of run lately because people have gone towards safe harbor, so if that safe harbor trade were to unwind a little and there was a risk-on bounce, that would be an opportunity there.
Or balance would be alternative strategies, although those often do have high expense ratios. Something like QNZNX did have positive returns in 2022 and (although not much) is positive this year.
I would actually suggest some international but to me international is an instance of better with something more specific/opportunistic vs broad indexes. First Eagle is a super solid company and they do have FEOE. If you want international and aggressive, PGIM has an ETF version of their international aggressive growth mutual fund with the PJIO etf.
In the US, theoretically interesting is AUSF: "AUSF seeks to outperform traditional market capitalization weighted indexes by allocating across three factors – minimum volatility, value, and momentum – that have historically demonstrated advantages compared to broad benchmark indexes. AUSF either allocates to two factors with a 50% / 50% weighting, or all three factors with a weighting of 40% / 40% / 20% depending on the trailing returns of each factor." When you look at a 2022 when growth was obliterated, that lost about 0.19%, but it did reasonably well in 2020/21 and 2023/24 and is positive (although barely) this year. So maybe that's not a total home run during up years (but it's done pretty good) and it's not going to not lose if everything craters (but did really well in a rotation out of growth and into value in 2022.) So that's interesting enough that I'm kind of thinking about it.
TCAF is run by T Rowe Price's CIO and is an excellent, somewhat more conservative balanced fund. The mutual fund version has been closed to new investors for many years.
Just throwing something together:
10% FEOE
10% PJIO
20% QQQ
10% AUSF
5% CTA
5% SDCI
20% GARP
5% SCHD
5% TCAF
5% AVUV
5% JEPI
I think that's a decent portfolio but also accomplishes not being entirely heavily correlated. 5% in managed futures, 5% in commodities. AUSF is a strategy that can change and emphasize value/minimum vol in an environment like 2022. You have 20% in international and this has been a year where flows have went in that direction - if they keep going, you'll have some exposure to that in a high quality fund that can go across growth and value (FEOE) and an aggressive - but quality aggressive - growth strategy (PJIO)
QQQ remains. GARP (which is more large cap, but also includes mid) as the attempt to try and focus on growth at a reasonable price may mitigate downside a *little bit* relative to other growth peers. TCAF is a high quality, flexible (multi cap, value + growth) balanced fund with a great manager. AVUV gives you some small cap exposure and has been an excellent performer.
I could probably adjust this further if I sat with it/thought about it over a longer period but imo this isn't bad. You have some us, you have some international, you have some passive funds, you have some active funds, you have some alts/commodities, you have some conservative/quality and you have some aggressive. They're all funds so no stock specific issues/concerns.