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Vanguard introduced quite a few new bond funds in recent years. These funds appear to have moved from declaring dividends daily to including daily income in NAV and going ex-dividend at the end of the month. These funds also typically have an ETF as an available share class. That may be a factor in making the change. The list of new bond funds includes many taxable funds and one tax-exempt index fund.
Here are examples of the two types of funds. Vanguard bond funds that declare dividends daily provide a distribution yield in the fund profile. That is not the case for the funds that include daily income in NAV.
Including daily income in NAV would seem to be a more efficient and lower cost approach. In the case of the daily dividend funds, Vanguard calculates daily accrued dividends every trading day and provides that information to the shareholder. The daily accrued dividends can be viewed online under Balances and Holdings by selecting the tab labeled Balances by Date. This information is also provided for Vanguard Money Market funds.