Related: Looking Beyond ETF Expense Ratios

Predictably, Vanguard is estimating the new ETF of ETFs will sport a low fee.

“This approach enables the Total Corporate Bond ETF to achieve immediate scale by using existing exposure from the underlying ETFs, and it is expected to result in tighter bid/ask spreads and lower operating expenses than investing directly in the benchmark’s constituents. Vanguard estimates an expense ratio of 0.07% upon the ETF’s launch,” according to the statement.

Vanguard last added to its fixed income lineup almost exactly two years ago when it launched the Vanguard Tax-Exempt Bond ETF (NYSEARCA: VTEB).

For more on new ETFs, visit our new ETFs category.