This is a PLUS, not a drawback, for folks (even some with an idea of what to do) looking for a one-stop-shop "fund" for equity investment.

I agree. Dividing up your portfolio into the many asset classes of various proportions seems intellectually to be the wise thing to do. However, there are too many factors that have little to do with rationality and a lot more to chance and other factors unknown to us. You might as well leave it to the experts. Cref Stock is dedicated to attempting to provide us with one-stop-shopping as far as equities are concerned. And yes, you can get a similar thing from Vanguard for a lower ER, but you have to assemble it yourself from several parts.

Sy