Vanguard is planning to launch an exchange-traded share class of an existing bond fund, the Vanguard Inflation-Protected Securities Fund, The Wall Street Journal reports. The share class is awaiting approval by the Securities and Exchange Commission.

Vanguard recently launched a line of bond ETFs but didn’t include one of these types of funds in the mix, which is why it has filed to offer an ETF share class, explained Kenneth Volpert, co-manager of the fund.

So far, only Vanguard and Barclays are offering bond ETFs, although a number of other investment firms are planning to launch bond ETFs.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.