You're getting downvoted because OP was clearly asking about the asset allocation

Except he literally wasn't. Read the post I replied to, and not that the words asset allocation aren't even there. The question was about how it was invested. If Personal Capital figured out your bond ratio and put the rest into their cousin's restaurant, a pawn shop venture and annuities that would be a REALLY helpful answer for why the fund underperformed. The fact is that their equity mix is completely different from the S&P which is a VERY important reason for why it might under-perform the S&P at any bond allocation.

Asset allocation is part of how it's invested, but it's not the whole answer. Percentage of equities is not a complete answer when "equities" can mean totally different mix indifferent portfolios.