Vanguard has filed for permission with the Securities and Exchange Commission (SEC) to add a class of exchange-traded shares to its Vanguard Extended Market Index Fund.
The Extended Market Index Fund was introduced in 1987 as the first mutual fund to track the Wilshire 4500 Completion Index of small- and mid- capitalization stocks. The index includes all of the stocks in the Wilshire 5000 Index, excluding the stocks of the S&P 500.
Vanguard Extended Market VIPERs (for Vanguard Index Participation Equity Receipts) will be the second exchange-traded offering from Vanguard and the only exchange-traded vehicle in the industry to track the Wilshire 4500 Completion Index.
Vanguard launched the first of its exchange-traded shares, Total Stock Market VIPERs, on May 31, 2001.