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IWM - FZROX: Should Fidelity's 0% Expense Ratio Funds Be The Cornerstone Of Your Portfolio?
iShares Russell 2000
Fidelity made waves in the fund space last year when it launched the Fidelity ZERO Total Market Index Fund (FZROX). It became the first fund to operate with not just a 0% expense ratio, there's also no minimum to invest and no fee to trade. It essentially becomes the first completely fee-free fund available to retail investors, and investors have taken notice. FZROX has grown to nearly $2.5 billion in total assets, making it one of the most successful fund launches in recent memory.