Summary
Fidelity ZERO Extended Market Index Fund is a mutual fund. It does not trade on an exchange: you buy it from the fund company at a price set once a day. Positions inside: 2,092. The ten largest make up 4.0% of the fund.
- Positions
- 2,092
- Dividend yield
- 1.10%
What speaks for it
- Widely spread: the ten largest positions make up only 4.0% of the fund.
What to watch
- In the last five years its price once dropped by 33% from its high.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -2.3%
- 3 months
- -3.5%
- This year
- +13%
- 1 year
- +13%
- 3 years
- +65%
- 5 years
- +21%
- Avg. market cap
- $25.3B
- P/E
- 20.1x
- Forward P/E
- 18.3x
- P/S
- 1.9x
- P/B
- 3.5x
- P/FCF
- 18.4x
- EV/EBITDA
- 15.3x
- Dividend yield
- 0.80%
- ROIC
- 4.7%
- ROE
- 14.5%
- Gross margin
- 50.2%
- Operating margin
- -303.0%
- Net margin
- -63.9%
- Payout ratio
- 16.1%
- Net debt/EBITDA
- 1.2x
- Beta
- 1.07
Weighted average of the 50 largest companies, which make up 13% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Widely spread- 1 MRModerna MRNA 0.7%
- 2 ALAstera Labs ALAB 0.6%
- 3 TEAtlassian TEAM 0.4%
- 4 PPandora Media, Inc. P 0.4%
- 5 NVnVent Electric NVT 0.3%
- 6 Cash and Other Securities Fidelity Cash Central Fund 0.3%
- 7 THTenet Healthcare THC 0.3%
- 8 AFAffirm AFRM 0.3%
- 9 GHGuardant Health GH 0.3%
- 10 SMSuper Micro Computer SMCI 0.3%
Positions in the fund: 2,092. The ten largest make up 4.0% of it.
Composition as of Oct 18, 2026.
Where is it spread?
By company size
- Large cap 40%
- Mid cap 59%
- Small cap 1.1%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M. Counted from the companies that make up 86% of the fund.
Largest size group: Mid cap (59%).
What does it cost me?
We do not know the costs of this fund.
How has it done?
Growing slowly- A year on average, 5 years
- +3.9%
- Deepest drop
- -33%
- Yearly volatility
- 17%
Average yearly growth over the last five years: 3.9%. Deepest drop in these years: 33% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 1.10%
- Payments a year
- 1
- Last payment
- $0.19
Over the last 12 months it paid $0.19 per share, which is 1.10% of today's price. The last payment was $0.19 on Dec 12, 2025.
How expensive are the companies inside?
Usual valuation- P/E of the companies inside
- 20.1
- Average Bulios Score
- 58 out of 100
Weight by Bulios Fair Price
- Undervalued 21%
- Fairly valued 9.0%
- Overvalued 70%
On average the companies inside trade for 20.1 times their yearly profit. By Fair Price, 70% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 13% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Can I buy it as an ETF?
A mutual fund is bought from the fund company. These ETFs hold much of the same and trade on an exchange, so an ordinary broker carries them.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
MS MSML iShares MSCI USA Small-Cap ETF | United States | 0.04% | $71.0 | - | Pays out | 73% |
SM SMMD iShares Russell 2500 ETF | United States | 0.23% | $3.39B | +13% | Pays out | 73% |
VB VB Vanguard Small Cap Index Fund | United States | 0.03% | $175.8B | +11% | Pays out | 66% |
VX VXF Vanguard Extended Market ETF | United States | 0.05% | $91.2B | +7.0% | Pays out | 61% |
ES ESML iShares ESG Aware MSCI USA Small-Cap ETF | United States | 0.17% | $2.28B | +14% | Pays out | 60% |
SX SXRG.DE iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF | Ireland | 0.43% | $2.74B | +19% | Reinvests | 58% |
