The Fidelity ZERO Extended Market Index Fund (FZIPX) is a mutual fund that seeks to track the performance of the extended market segment of the U.S. equity market. This includes small and mid-sized companies that are not included in the S&P 500 index. The fund is managed by Fidelity Investments and has no expense ratio, making it a low-cost option for investors looking to diversify their portfolio with exposure to smaller companies. FZIPX is a passively managed fund, meaning it aims to replicate the performance of its underlying index rather than actively selecting individual stocks. This fund may be suitable for investors seeking long-term growth potential through a broad range of companies in the U.S. market.
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