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


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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


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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


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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


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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


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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


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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


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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


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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


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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


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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


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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


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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


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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


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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


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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.