The Vanguard Group may add an exchange-traded share class to its Small Cap Index Fund and its Total Stock Market Fund, according to Brian Mattes, a company spokesperson.

The Small Cap Index Fund tracks the Russell 2000 index and the Total Stock Market Fund tracks the Wilshire 5000 index. The new share class, Vanguard Index Participation Receipts (VIPERs), are covered under existing licensing agreements and Vanguard has notified both indexes of its plans to attach the share class, Mattes said.

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