UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM N-PX ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANIES INVESTMENT COMPANY ACT FILE NUMBER: 811-2687 NAME OF REGISTRANT: VANGUARD MUNICIPAL BOND FUNDS ADDRESS OF REGISTRANT: PO BOX 2600, VALLEY FORGE, PA 19482 NAME AND ADDRESS OF AGENT FOR SERVICE: ANNE E. ROBINSON PO BOX 876 VALLEY FORGE, PA 19482 REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (610) 669-1000 DATE OF FISCAL YEAR END: OCTOBER 31 DATE OF REPORTING PERIOD: JULY 1, 2021 - JUNE 30, 2022 ******************************* FORM N-Px REPORT ****************************** ICA File Number: 81102687E Reporting Period: 07/01/2021 - 06/30/2022 VANGUARD MUNICIPAL BOND FUNDS Each investment advisor's votes cast are shown separately below. Sections without an investment advisor listed reflect votes cast at the discretion of the Fund. The votes reported do not reflect any votes cast pursuant to a regulatory requirement. ===================== VANGUARD MUNICIPAL MONEY MARKET FUND ===================== BLACKROCK MUNIYIELD CALIFORNIA FUND, INC. Ticker: MYC Security ID: 09254M600 Meeting Date: JUL 29, 2021 Meeting Type: Annual Record Date: JUN 01, 2021 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Michael J. Castellano For For Management 1.2 Elect Director Richard E. Cavanagh For For Management 1.3 Elect Director Cynthia L. Egan For For Management 1.4 Elect Director Robert Fairbairn For For Management 1.5 Elect Director Stayce Harris For For Management 1.6 Elect Director J. Phillip Holloman For For Management 1.7 Elect Director R. Glenn Hubbard For For Management 1.8 Elect Director Catherine A. Lynch For For Management 1.9 Elect Director John M. Perlowski For For Management 1.10 Elect Director Karen P. Robards For For Management 1.11 Elect Director Frank J. Fabozzi For For Management 1.12 Elect Director W. Carl Kester For For Management -------------------------------------------------------------------------------- BLACKROCK MUNIYIELD CALIFORNIA FUND, INC. Ticker: MYC Security ID: 09254M600 Meeting Date: FEB 04, 2022 Meeting Type: Special Record Date: DEC 07, 2021 # Proposal Mgt Rec Vote Cast Sponsor 1A Approve Reorganization of Funds For For Management between BlackRock MuniYield California Fund, Inc. and BlackRock MuniHoldings California Quality Fund, Inc. 1B For VRDP Holders: Approve the For For Management Reorganization Agreement and the Reorganization -------------------------------------------------------------------------------- BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC. Ticker: MYN Security ID: 09255E805 Meeting Date: JUL 29, 2021 Meeting Type: Annual Record Date: JUN 01, 2021 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Michael J. Castellano For For Management 1.2 Elect Director Richard E. Cavanagh For For Management 1.3 Elect Director Cynthia L. Egan For For Management 1.4 Elect Director Robert Fairbairn For For Management 1.5 Elect Director Stayce Harris For For Management 1.6 Elect Director J. Phillip Holloman For For Management 1.7 Elect Director R. Glenn Hubbard For For Management 1.8 Elect Director Catherine A. Lynch For For Management 1.9 Elect Director John M. Perlowski For For Management 1.10 Elect Director Karen P. Robards For For Management 1.11 Elect Director Frank J. Fabozzi For For Management 1.12 Elect Director W. Carl Kester For For Management -------------------------------------------------------------------------------- BLACKROCK MUNIYIELD PENNSYLVANIA QUALITY FUND Ticker: MPA Security ID: 09255G503 Meeting Date: JUL 29, 2021 Meeting Type: Annual Record Date: JUN 01, 2021 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Michael J. Castellano For For Management 1.2 Elect Director Richard E. Cavanagh For For Management 1.3 Elect Director Cynthia L. Egan For For Management 1.4 Elect Director Robert Fairbairn For For Management 1.5 Elect Director Stayce Harris For For Management 1.6 Elect Director J. Phillip Holloman For For Management 1.7 Elect Director R. Glenn Hubbard For For Management 1.8 Elect Director Catherine A. Lynch For For Management 1.9 Elect Director John M. Perlowski For For Management 1.10 Elect Director Karen P. Robards For For Management 1.11 Elect Director Frank J. Fabozzi For For Management 1.12 Elect Director W. Carl Kester For For Management -------------------------------------------------------------------------------- BLACKROCK MUNIYIELD QUALITY FUND III, INC. Ticker: MYI Security ID: 09254E863 Meeting Date: JUL 29, 2021 Meeting Type: Annual Record Date: JUN 01, 2021 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Michael J. Castellano For For Management 1.2 Elect Director Richard E. Cavanagh For For Management 1.3 Elect Director Cynthia L. Egan For For Management 1.4 Elect Director Robert Fairbairn For For Management 1.5 Elect Director Stayce Harris For For Management 1.6 Elect Director J. Phillip Holloman For For Management 1.7 Elect Director R. Glenn Hubbard For For Management 1.8 Elect Director Catherine A. Lynch For For Management 1.9 Elect Director John M. Perlowski For For Management 1.10 Elect Director Karen P. Robards For For Management 1.11 Elect Director Frank J. Fabozzi For For Management 1.12 Elect Director W. Carl Kester For For Management -------------------------------------------------------------------------------- NUVEEN AMT-FREE MUNICIPAL CREDIT INCOME FUND Ticker: NVG Security ID: 67071L700 Meeting Date: AUG 04, 2021 Meeting Type: Annual Record Date: JUN 07, 2021 # Proposal Mgt Rec Vote Cast Sponsor 1c.1 Elect Director Jack B. Evans For For Management 1c.2 Elect Director Joanne T. Medero For For Management 1c.3 Elect Director Matthew Thornton, III For For Management 1c.4 Elect Director William C. Hunter For For Management 1c.5 Elect Director Albin F. Moschner For For Management -------------------------------------------------------------------------------- NUVEEN AMT-FREE MUNICIPAL CREDIT INCOME FUND Ticker: NVG Security ID: 67071L809 Meeting Date: AUG 04, 2021 Meeting Type: Annual Record Date: JUN 07, 2021 # Proposal Mgt Rec Vote Cast Sponsor 1c.1 Elect Director Jack B. Evans For For Management 1c.2 Elect Director Joanne T. Medero For For Management 1c.3 Elect Director Matthew Thornton, III For For Management 1c.4 Elect Director William C. Hunter For For Management 1c.5 Elect Director Albin F. Moschner For For Management -------------------------------------------------------------------------------- NUVEEN AMT-FREE MUNICIPAL CREDIT INCOME FUND Ticker: NVG Security ID: 67071L858 Meeting Date: AUG 04, 2021 Meeting Type: Annual Record Date: JUN 07, 2021 # Proposal Mgt Rec Vote Cast Sponsor 1c.1 Elect Director Jack B. Evans For For Management 1c.2 Elect Director Joanne T. Medero For For Management 1c.3 Elect Director Matthew Thornton, III For For Management 1c.4 Elect Director William C. Hunter For For Management 1c.5 Elect Director Albin F. Moschner For For Management -------------------------------------------------------------------------------- NUVEEN CALIFORNIA QUALITY MUNICIPAL INCOME FUND Ticker: NAC Security ID: 67066Y808 Meeting Date: NOV 17, 2021 Meeting Type: Annual Record Date: SEP 20, 2021 # Proposal Mgt Rec Vote Cast Sponsor 1a.1 Elect Director Jack B. Evans For For Management 1a.2 Elect Director Joanne T. Medero For For Management 1a.3 Elect Director Matthew Thornton, III For For Management 1a.4 Elect Director William C. Hunter For For Management 1a.5 Elect Director Albin F. Moschner For For Management -------------------------------------------------------------------------------- NUVEEN MUNICIPAL CREDIT INCOME FUND Ticker: NZF Security ID: 67070X861 Meeting Date: AUG 04, 2021 Meeting Type: Annual Record Date: JUN 07, 2021 # Proposal Mgt Rec Vote Cast Sponsor 1c.1 Elect Director Jack B. Evans For For Management 1c.2 Elect Director Joanne T. Medero For For Management 1c.3 Elect Director Matthew Thornton, III For For Management 1c.4 Elect Director William C. Hunter For For Management 1c.5 Elect Director Albin F. Moschner For For Management -------------------------------------------------------------------------------- NUVEEN MUNICIPAL CREDIT INCOME FUND Ticker: NZF Security ID: 67070X861 Meeting Date: APR 29, 2022 Meeting Type: Special Record Date: JAN 31, 2022 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Reorganization of Funds For For Management between Nuveen Enhanced Municipal Value Fund and Nuveen Municipal Credit Income Fund -------------------------------------------------------------------------------- NUVEEN MUNICIPAL CREDIT OPPORTUNITIES FUND Ticker: XNMCX Security ID: 670663202 Meeting Date: APR 08, 2022 Meeting Type: Annual Record Date: JAN 18, 2022 # Proposal Mgt Rec Vote Cast Sponsor 1a.1 Elect Director Judith M. Stockdale For For Management 1a.2 Elect Director Carole E. Stone For For Management 1a.3 Elect Director Margaret L. Wolff For For Management 1a.4 Elect Director William C. Hunter For For Management 1a.5 Elect Director Albin F. Moschner For For Management -------------------------------------------------------------------------------- NUVEEN NEW YORK QUALITY MUNICIPAL INCOME FUND Ticker: NAN Security ID: 67066X701 Meeting Date: AUG 04, 2021 Meeting Type: Annual Record Date: JUN 07, 2021 # Proposal Mgt Rec Vote Cast Sponsor 1c.1 Elect Director Jack B. Evans For For Management 1c.2 Elect Director Joanne T. Medero For For Management 1c.3 Elect Director Matthew Thornton, III For For Management 1c.4 Elect Director William C. Hunter For For Management 1c.5 Elect Director Albin F. Moschner For For Management -------------------------------------------------------------------------------- WESTERN ASSET INTERMEDIATE MUNI FUND INC. Ticker: SBI Security ID: 958435307 Meeting Date: APR 08, 2022 Meeting Type: Annual Record Date: FEB 08, 2022 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Carol L. Colman For For Management 1.2 Elect Director Robert D. Agdern For For Management 1.3 Elect Director Paolo M. Cucchi For For Management 2 Ratify PricewaterhouseCoopers LLP as For For Management Auditors -------------------------------------------------------------------------------- WESTERN ASSET MANAGED MUNICIPALS FUND INC. Ticker: MMU Security ID: 95766M709 Meeting Date: OCT 22, 2021 Meeting Type: Annual Record Date: SEP 01, 2021 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Paolo M. Cucchi For For Management 1.2 Elect Director Carol L. Colman For For Management 1.3 Elect Director Jane Trust For For Management 2 Ratify PricewaterhouseCoopers LLP as For For Management Auditors -------------------------------------------------------------------------------- WESTERN ASSET MUNICIPAL PARTNERS FUND INC. Ticker: MNP Security ID: 95766P306 Meeting Date: APR 08, 2022 Meeting Type: Annual Record Date: FEB 08, 2022 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Robert D. Agdern For For Management 1.2 Elect Director William R. Hutchinson For For Management 1.3 Elect Director Eileen A. Kamerick For For Management 2 Ratify PricewaterhouseCoopers LLP as For For Management Auditors ========== END NPX REPORT SIGNATURES Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. VANGUARD MUNICIPAL BOND FUNDS By: /s/Mortimer J. Buckley Mortimer J. Buckley* Chief Executive Officer, President, and Trustee Date: August 26, 2022 *By: /s/Anne E. Robinson Anne E. Robinson, pursuant to a Power of Attorney filed on November 29, 2021 (see File Number 33-64845) and a Power of Attorney filed on August 26, 2021 (see file Number 811-02652), Incorporated by Reference.