|Expense Ratio (net)||0.03%|
|Last Cap Gain||0.00|
|Morningstar Risk Rating||Average|
|Beta (3Y Monthly)||1.03|
|5y Average Return||N/A|
|Average for Category||N/A|
|Inception Date||Jun 1, 1999|
Fidelity's free index funds are making headlines. The two new index funds with zero expense ratios are Fidelity Zero Total Market Index FZROX , a market-cap-weighted total U.S. stock market fund, and Fidelity Zero International Index FZILX , a market-cap-weighted total international stock market fund (which excludes U.S. stocks).
Fidelity shook the investment landscape last week when it announced that it would offer two index funds with zero expense ratios: Fidelity Zero Total Market Index FZROX and Fidelity Zero International Index FZILX . Schwab and Fidelity can afford to offer index funds below their cost because they will make it up with all the other funds and brokerage services that clients will buy.