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: 2,121. The ten largest make up 4.7% of the fund.
- Positions
- 2,121
- Dividend yield
- 1.10%
What speaks for it
- Widely spread: the ten largest positions make up only 4.7% 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
- -1.5%
- 3 months
- -6.6%
- This year
- +14%
- 1 year
- +15%
- 3 years
- +65%
- 5 years
- +17%
- Avg. market cap
- $25.3B
- P/E
- 19.5x
- Forward P/E
- 16.6x
- P/S
- 1.9x
- P/B
- 3.7x
- P/FCF
- 17.9x
- EV/EBITDA
- 12.7x
- Dividend yield
- 0.51%
- ROIC
- 6.8%
- ROE
- 14.0%
- Gross margin
- 49.9%
- Operating margin
- -537.0%
- Net margin
- -278.3%
- Payout ratio
- 10.0%
- Net debt/EBITDA
- 0.8x
- Beta
- 1.07
Weighted average of the 50 largest companies, which make up 14% 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 1.0%
- 2 ALAstera Labs ALAB 0.7%
- 3 PEverpure P 0.6%
- 4 TEAtlassian TEAM 0.4%
- 5 NVnVent Electric NVT 0.4%
- 6 GHGuardant Health GH 0.3%
- 7 SMSuper Micro Computer SMCI 0.3%
- 8 THTenet Healthcare THC 0.3%
- 9 AFAffirm AFRM 0.3%
- 10 INIncyte INCY 0.3%
Positions in the fund: 2,121. The ten largest make up 4.7% of it.
Composition as of Nov 7, 2026.
Where is it spread?
By company size
- Large cap 41%
- Mid cap 58%
- Small cap 1.7%
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 (58%).
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
- +3.2%
- Deepest drop
- -33%
- Yearly volatility
- 17%
Average yearly growth over the last five years: 3.2%. 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
- 19.5
- Average Bulios Score
- 58 out of 100
Weight by Bulios Fair Price
- Undervalued 18%
- Fairly valued 16%
- Overvalued 66%
On average the companies inside trade for 19.5 times their yearly profit. By Fair Price, 66% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 14% 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% | $271.9M | - | Pays out | 71% |
SM SMMD iShares Russell 2500 ETF | United States | 0.23% | $3.41B | +16% | Pays out | 71% |
VB VB Vanguard Small Cap Index Fund | United States | 0.03% | $172.9B | +13% | Pays out | 67% |
VX VXF Vanguard Extended Market ETF | United States | 0.05% | $89.0B | +8.1% | Pays out | 62% |
ES ESML iShares ESG Aware MSCI USA Small-Cap ETF | United States | 0.17% | $2.31B | +17% | Pays out | 58% |
SX SXRG.DE iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF | Ireland | 0.43% | $2.69B | +24% | Reinvests | 57% |
