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, 2022 - JUNE 30, 2023 ******************************* FORM N-Px REPORT ******************************* ICA File Number: 81102687E Reporting Period: 07/01/2022 - 06/30/2023 VANGUARD MUNICIPAL BOND FUNDS Each investment advisor's votes cast are shown separately below. Sections without an investment advisor listed reflect votes cast by the Fund. The votes reported do not reflect any votes cast pursuant to a regulatory requirement. ===================== VANGUARD MUNICIPAL MONEY MARKET FUND ===================== BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC Ticker: MYN Security ID: 09255E805 Meeting Date: JUL 25, 2022 Meeting Type: Annual Record Date: MAY 27, 2022 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Cynthia L. Egan For Withhold Management 1.2 Elect Director Robert Fairbairn For For Management 1.3 Elect Director Stayce D. Harris For For Management -------------------------------------------------------------------------------- BLACKROCK MUNIYIELD PENNSYLVANIA QUALITY FUND Ticker: MPA Security ID: 09255G503 Meeting Date: JUL 25, 2022 Meeting Type: Annual Record Date: MAY 27, 2022 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Cynthia L. Egan For For Management 1.2 Elect Director Robert Fairbairn For For Management 1.3 Elect Director Lorenzo A. Flores For For Management 1.4 Elect Director Stayce D. Harris For For Management 1.5 Elect Director J. Phillip Holloman For For Management 1.6 Elect Director R. Glenn Hubbard For For Management 1.7 Elect Director Catherine A. Lynch For For Management 1.8 Elect Director John M. Perlowski For For Management 1.9 Elect Director Frank J. Fabozzi For For Management 1.10 Elect Director W. Carl Kester For For Management -------------------------------------------------------------------------------- BLACKROCK MUNIYIELD QUALITY FUND III, INC Ticker: MYI Security ID: 09254E863 Meeting Date: JUL 25, 2022 Meeting Type: Annual Record Date: MAY 27, 2022 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Cynthia L. Egan For Withhold Management 1.2 Elect Director Robert Fairbairn For For Management 1.3 Elect Director Stayce D. Harris For For Management -------------------------------------------------------------------------------- NUVEEN AMT-FREE MUNICIPAL CREDIT INCOME FUND Ticker: NVG Security ID: 67071L700 Meeting Date: AUG 05, 2022 Meeting Type: Annual Record Date: JUN 13, 2022 # Proposal Mgt Rec Vote Cast Sponsor 1c.1 Elect Director Judith M. Stockdale For For Management 1c.2 Elect Director Carole E. Stone For For Management 1c.3 Elect Director Margaret L. Wolff 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 05, 2022 Meeting Type: Annual Record Date: JUN 13, 2022 # Proposal Mgt Rec Vote Cast Sponsor 1c.1 Elect Director Judith M. Stockdale For For Management 1c.2 Elect Director Carole E. Stone For For Management 1c.3 Elect Director Margaret L. Wolff 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 18, 2022 Meeting Type: Annual Record Date: SEP 19, 2022 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Judith M. Stockdale For For Management 1.2 Elect Director Carole E. Stone For For Management 1.3 Elect Director Margaret L. Wolff For For Management 1.4 Elect Director William C. Hunter For For Management 1.5 Elect Director Albin F. Moschner For For Management -------------------------------------------------------------------------------- NUVEEN MUNICIPAL CREDIT INCOME FUND Ticker: NZF Security ID: 67070X861 Meeting Date: AUG 05, 2022 Meeting Type: Annual Record Date: JUN 13, 2022 # Proposal Mgt Rec Vote Cast Sponsor 1c.1 Elect Director Judith M. Stockdale For For Management 1c.2 Elect Director Carole E. Stone For For Management 1c.3 Elect Director Margaret L. Wolff 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: FEB 08, 2023 Meeting Type: Special Record Date: NOV 10, 2022 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Reorganization of Funds For For Management between NMCIF Merger Sub, LLC, A Subsidiary of Nuveen Municipal Credit Income Fund, and Nuveen Georgia Quality Municipal Income Fund and Nuveen Ohio Quality Municipal Income Fund -------------------------------------------------------------------------------- NUVEEN MUNICIPAL CREDIT OPPORTUNITIES FUND Ticker: XNMCX Security ID: 670663202 Meeting Date: MAY 08, 2023 Meeting Type: Annual Record Date: JAN 20, 2023 # Proposal Mgt Rec Vote Cast Sponsor 1a.1 Elect Director Robert L. Young For For Management 1a.2 Elect Director Amy B.r. Lancellotta For For Management 1a.3 Elect Director John K. Nelson For For Management 1a.4 Elect Director Terence J. Toth For For Management 1a.5 Elect Director William C. Hunter For For Management 1a.6 Elect Director Albin F. Moschner For For Management -------------------------------------------------------------------------------- NUVEEN NEW YORK QUALITY MUNICIPAL INCOME FUND Ticker: NAN Security ID: 67066X701 Meeting Date: AUG 05, 2022 Meeting Type: Annual Record Date: JUN 13, 2022 # Proposal Mgt Rec Vote Cast Sponsor 1c.1 Elect Director Judith M. Stockdale For For Management 1c.2 Elect Director Carole E. Stone For For Management 1c.3 Elect Director Margaret L. Wolff 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 14, 2023 Meeting Type: Annual Record Date: FEB 07, 2023 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Daniel P. Cronin For For Management 1.2 Elect Director Nisha Kumar 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 21, 2022 Meeting Type: Annual Record Date: SEP 01, 2022 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Nisha Kumar For For Management 1.2 Elect Director Daniel P. Cronin For For Management 1.3 Elect Director Eileen A. Kamerick 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 14, 2023 Meeting Type: Annual Record Date: FEB 07, 2023 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Daniel P. Cronin For For Management 1.2 Elect Director Paolo M. Cucchi For For Management 1.3 Elect Director Jane E. Trust 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 28, 2023 *By: /s/Anne E. Robinson Anne E. Robinson, pursuant to a Power of Attorney filed on July 21, 2023 (see File Number 33-53683) and to a Power of Attorney filed on March 29, 2023 (see File Number 2-11444), Incorporated by Reference.